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Question(s) / Instruction(s):

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

A.            credited a liability account for $2,000.

B.            nothing further must be done.

C.            credited another asset account for $500.

D.            debited the Dawson, Capital account for $2,000.

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