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    Financial and Managerial Accounting
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    Exam 2: Recording Business Transactions
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    A Business Purchases Equipment for $8,000 Cash
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A Business Purchases Equipment for $8,000 Cash

Question 121

Question 121

Multiple Choice

A business purchases equipment for $8,000 cash. Which of the following accounts is credited?


A) Cash
B) Accounts Payable
C) Common Stock
D) Equipment

Correct Answer:

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