Tolleson enterprises buys a computer system for $2,400,000 and pays the vendor $160,000 to install the computer system. tolleson should record: multiple choice $2,400,000 as equipment and $160,000 as expenses. $2,560,000 as equipment. $2,560,000 as expenses. $2,240,000 as equipment and the rest as expenses.

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.

answer; post closing trial balance;

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