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Vaughn Company purchases equipment for $2830 and supplies for $320 from Cullumber Co. for $3150 cash. The entry for this transaction will includes credit to
Vaughn Company purchases equipment for $2830 and supplies for $320 from Cullumber Co. for $3150 cash. The entry for this transaction will includes credit to Cash for Cullumber. debit to Equipment $2830 and a debit to Supplies $320 for Vaughn debit to Equipment $2830 and a debit to Supplies Expense $320 for Cullumber credit to Accounts Payable for Vaughn
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