When a corporation purchases a computer for cash: O liabilities will be credited. O stockholders' equity...
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When a corporation purchases a computer for cash: O liabilities will be credited. O stockholders' equity will be debited. O the net effect on assets will be a debit. O the account Cash will be credited. When a corporation purchases a computer for cash: O liabilities will be credited. O stockholders' equity will be debited. O the net effect on assets will be a debit. O the account Cash will be credited.
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