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Sunland Mail Service purchased equipment for $2610. Sunland paid $400 in cash and signed a...

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Accounting

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Sunland Mail Service purchased equipment for $2610. Sunland paid $400 in cash and signed a note for the balance, Sunland debited the Equipment account, credited Cash and nothing further must be done. debited the retained earnings account for $2210. credited another asset account for $400. credited a liability account for $2210

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