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answer pls Equipment costing $300,000 is purchased by paying $80,000 cash...

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Accounting

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Equipment costing $300,000 is purchased by paying $80,000 cash and signing a note for the remainder. The journal entry to record this transaction should include a debit to Notes Payable for $120,000. credit to Equipment for $300,000. credit to Cash for $80,000. debit to Notes Receivable for $120,000

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