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Jeanene Flood, Certified Public Accountant, operates as a professional corporation, (P.C.). The business completed these tran
Dan Crater opened a software consulting firm that immediately paid $28,000 for a computer system. Was Craters computer syste
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Answer #1

1.

Date Accounts Debit Credit
Mar-02 Cash $ 8,000
Common stock $ 8,000

2.

Anderson's payment was not an expense. Anderson acquired an asset​, because the computer is​ a(an) economic resource of the business.

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