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What is your transaction

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Reference no: EM133184923

Question - Purchased $5,000 worth of books (inventory), paying $3,000 cash and the rest on account to be paid next month.

1. What is your transaction?

2. What account(s) are debited and for how much? Why?

3. What account(s) are credited and for how much? Why?

Reference no: EM133184923

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