Dawson's Delivery Service purchased equipment for $2,500. The Company $500 in cash and signed a note for the balance. Dawson debited the Equipment account, credited Cash and
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Dawson's Delivery Service purchased equipment for $2,500. The Company $500 in cash and signed a note for the balance. Dawson debited the Equipment account, credited Cash and
Debit Equipment for 2,500
Credit Cash for 500
Credit Notes Payable for the difference
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