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    Accounting Study Set 5
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    Exam 2: Recording Business Transactions
  5. Question
    A Business Purchases Equipment for Cash in the Amount of $8
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A Business Purchases Equipment for Cash in the Amount of $8

Question 14

Question 14

Multiple Choice

A business purchases equipment for cash in the amount of $8 000. Which account is credited?


A) Cash
B) Equipment
C) Supplies expense
D) Accounts payable

Correct Answer:

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