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Which of the following entries records the acquisition of equipment on account? debit (decrease) Accounts Payable; credit (increase) Notes Payable debit (increase) Equipment; credit (decrease)

Which of the following entries records the acquisition of equipment on account?

debit (decrease) Accounts Payable; credit (increase) Notes Payable

debit (increase) Equipment; credit (decrease) Cash

debit (increase) Equipment; credit (increase) Accounts Payable

debit (decrease) Accounts Payable; credit (decrease) Equipment

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