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Post the transactions into t-accounts

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Problem 1: Post the following transactions into T-accounts:

February 1: Purchased supplies on account (no formal note written): $800

February 10: Took a loan from a bank with the amount of $120,000

February 17: Acquired land for cash: $118,000

February 25 Paid cash to the supplier for the February 1 purchase of supplies $800

Reference no: EM132772791

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