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    Fundamental Accounting Principles Study Set 5
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    Exam 2: Analyzing and Recording Transactions
  5. Question
    On February 5, Textron Stores Purchased a Van That Cost
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On February 5, Textron Stores Purchased a Van That Cost

Question 52

Question 52

Essay

On February 5, Textron Stores purchased a van that cost $35,000. The firm made a down payment of $5,000 cash and signed a long-term note payable for the balance. Show the general journal entry to record this transaction.

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