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doliver52
Jan 21, 2013, 04:11 PM
What accounts are increased or decreased in the following transactions: borrowed $5,000 from bank by signing a note; paid $2,500 cash for a computer; purchased $450 of supplies on account.

paraclete
Jan 22, 2013, 04:03 AM
Suggest you use some T accounts to work it out or just prepare some journal entries, either way simple questions require you to try first, ask questions later