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Author Question: Which of the following would result if a business purchased Equipment paying a 50% down payment in cash? (Read 152 times)

vicky

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Which of the following would result if a business purchased Equipment paying a 50% down payment in cash?
◦ Accounts Payable would increase.
◦ Equipment would increase and Cash would decrease.
◦ Since the equipment has not been paid in full, there is nothing to record.
◦ Both A and B are correct.


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Marked as best answer by vicky on Nov 10, 2019

josephsuarez

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vicky

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Reply 2 on: Nov 10, 2019
Gracias!


patma1981

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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