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Write down the double entries for the following transactions: 1. Firm ABC buys 250 of inventory for credit. 2. Firm ABC paid rent of 50

Write down the double entries for the following transactions: 1. Firm ABC buys 250 of inventory for credit. 2. Firm ABC paid rent of 50 in cash. 3. Firm ABC repaid a loan of 150. 4. Owner of firm ABC invests 400 in the business

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