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  3. Study Set
    Financial Accounting Study Set 29
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    Exam 2: Transaction Analysis
  5. Question
    A Business Purchases a Truck by Signing a Note Payable
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A Business Purchases a Truck by Signing a Note Payable

Question 115

Question 115

Multiple Choice

A business purchases a truck by signing a note payable to the seller. This transaction would include a:


A) debit to Note Payable.
B) credit to Note Payable.
C) debit to Prepaid Maintenance.
D) credit to Truck.

Correct Answer:

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