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Record a long-term investment on 1/13/20 to E-Trade (a new vendor), check: 324, amount: $5,700, category: Investments.

Respuesta :

Date: 1/13/20

Account Debit: Investments (or the specific investment account you use)
Account Credit: Cash/Bank (Check 324)
Amount: $5,700

This entry indicates that you are debiting (increasing) your investment account to reflect the purchase of the long-term investment. The credit to cash or bank account reflects the reduction in cash due to the purchase.

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