TransAm Mail Service purchased equipment for $2,500. TransAm paid $400 in cash and signed a note for
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Question:
A: credited a liability account for $2,100.
B: debited the retained earnings account for $2,100.
C: credited another asset account for $400.
D: nothing further must be done.
Related Book For
Business Law Text and Cases
ISBN: 978-1285185248
13th edition
Authors: Kenneth Clarkson, Roger LeRoy Miller, Frank Cross
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