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Zeus Greek Foods purchased a $21,000 van for use in the business. The company made a $15.000 cash down payment, and signed a note for
Zeus Greek Foods purchased a $21,000 van for use in the business. The company made a $15.000 cash down payment, and signed a note for the balance. The effect of this transaction on Zeus Greek Foods would be to Answer increase the van account by $21,000, decrease the cash account by $15,000, and increase the notes payable account by $6,000
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