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  3. Study Set
    College Accounting Study Set 1
  4. Exam
    Exam 14: Notes Receivable and Notes Payable
  5. Question
    Explain What Happens to Assets and to Liabilities When a Borrower
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Explain What Happens to Assets and to Liabilities When a Borrower

Question 26

Question 26

Essay

Explain what happens to assets and to liabilities when a borrower issues a note payable for the purchase of equipment?

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The total assets and liabiliti...

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