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  • Jul 1, 2007, 08:07 PM
    jetacct
    Journal Entry
    What is the journal entry for the purchase of a new car for the company CEO?
  • Jul 1, 2007, 08:30 PM
    CaptainForest
    Dr. Car
    Cr. Cash

    Assuming that the company still owns this car and is not giving this car to the CEO to use forever.

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