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QUESTION
Marx Industries had the following transactions.1.Borrowed $5,000from the bank by signing a note.2.Paid $3,100cash for a computer.3.Purchased $850of supplies on...
Marx Industries had the following transactions.1. Borrowed $5,000 from the bank by signing a note.2. Paid $3,100 cash for a computer.3. Purchased $850 of supplies on account.
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Ok Cancel Indicate what accounts are increased and decreased by each transaction.