Multiple Choice
Cameron Diaz Corporation purchased a computer system for $19,000. The company paid $4,000 cash and issued a $15,000 note payable for the entire balance. The journal entry to record this transaction includes a ________.
A) debit to Equipment for $19,000
B) credit to Accounts Payable for $15,000
C) debit to Expense for $19,000
D) credit to Cash for $19,000
Correct Answer:
Verified
Correct Answer:
Verified
Q173: The adjusted trial balance proves the accuracy
Q174: Each of the following accounts has a
Q175: The normal balance of an account is
Q176: The first step in preparing a worksheet
Q177: Permanent accounts do not include _.<br>A) Rent
Q179: What are the common errors that a
Q180: Abacus Corporation purchased equipment costing $48,000. It
Q181: Orlando Company began operations on December 1.
Q182: List the sequence in which financial statements
Q183: Accrued expenses are paid before they are