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    doliver52's Avatar
    doliver52 Posts: 1, Reputation: 1
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    #1

    Jan 21, 2013, 04:11 PM
    Help with accounting homework
    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    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
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