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Business, 20.03.2020 11:05 ninjaben

Purchased new equipment for $3,200 by issuing a check for $2,000 as a down payment with the balance due in 30 days. Returned damaged supplies and received a $100 cash refund. Purchased supplies for $300 on account. Provided services for $7,300 on credit. Issued a check for $900 to pay a creditor on account. Issued checks for $3,400 to pay the employees their monthly salaries. Issued a check for $300 to pay the monthly telephone bill. Determine the accounts and amounts to be debited and credited for the above transactions for Madison's Clock Repair.

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