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the gulp convenience store chain buys new soda machines for 450,000 and pays 50,000 for installation cost. one half of the total cost or 250,000

the gulp convenience store chain buys new soda machines for 450,000 and pays 50,000 for installation cost. one half of the total cost or 250,000 is paid in cash; a note in the amount of 250,000 is signed. how should the company record this transaction?

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