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Question(s) / Instruction(s):

Smith Company purchased $105,000 of computer equipment from Brown Company.  Smith Company paid for the equipment using cash that had been obtained from the initial investment by Connie Smith. The transaction involving the computer equipment should be recorded on the accounting records of which of the following entities?

A.            Smith Company and Connie Smith\'s personal records

B.            Brown Company and Connie Smith\'s personal records

C.            Brown Company

D.            Smith Company and Brown Company

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