Equipment costing 20 000 machine is purchased by paying 5 000 cash and signing a note payable for the remainder The journal

Question

Equipment costing 20 000 machine is purchased by paying 5 000 cash and signing a note payable for the remainder The journal entry should include a O 1 credit to Notes Payable O2 debit to Cash 3 credit to Notes Receivable 4 credit to Equipment

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