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Double-Entry Account Records Are Exchanged in a Transaction (Debits and Credits)

Question 20

Multiple Choice

Double-entry account records are exchanged in a transaction (debits and credits) . Which of the following is recorded when a company purchases (receives) a computer and pays (gives) cash?


A) The computer is recorded as a credit and the cash is recorded as a credit
B) The computer is recorded as a debit and the cash is recorded as a debit
C) The computer is recorded as a credit and the cash is recorded as a debit
D) The computer is recorded as a debit and the cash is recorded as a credit

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