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A company entered into the following transaction: Purchased equipment for use in the business at a cost of $12,000,one-fourth was paid in cash and the company signed a note for the balance.Choose the TRUE statement about the journal entry to record this transaction.
Vagabond Laws
Laws historically used to arrest or control people who were homeless or wandering without employment; these laws were often applied in a racially discriminatory manner.
Panhandler
An individual who asks others for money in a public space, often relying on the charity of strangers for income.
Former Slave
A former slave is an individual who was once subjected to slavery but has since gained freedom, either through emancipation, escape, or the abolition of slavery in their society.
Crime Drop
The observed decrease in crime rates, particularly noticeable in many Western countries during the late 20th and early 21st centuries.
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