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    Exam 9: Accounting for Current Liabilities and Payroll
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    Vincent Company Purchased $8,000 of Equipment by Making a $500
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Vincent Company Purchased $8,000 of Equipment by Making a $500

Question 106

Question 106

True/False

Vincent Company purchased $8,000 of equipment by making a $500 down payment and issuing a note for the remainder. As a result of this event, assets increased by $7,500.

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