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the gulp convenience store chain buys new soda machines for 450,000 and pays 50,000 for...

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Accounting

the gulp convenience store chain buys new soda machines for 450,000 and pays 50,000 for installation cost. one half of the total cost or 250,000 is paid in cash; a note in the amount of 250,000 is signed. how should the company record this transaction?

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