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Record the transaction of liabilities and equity accounts

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Reference no: EM132315437

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Remember debits increase Assets and Expense, where as credits increase Liabilities and Equity accounts.

need help in to putting this into journal entires for accounting

Purchased furniture for $2,000

Paid utilities $75

Bought an auto for $10,000, 20% in cash the balance on credit

Owe a plumbers $100 for services performed

Sold $1,000 of merchandise, that cost $650

Bought a building for $150,000 by taking out a 90% loan for three years.

Reference no: EM132315437

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