Solved

The Beginning Balance in the Equipment Account Was $4,000

Question 115

Multiple Choice

The beginning balance in the Equipment account was $4,000. The company purchased an additional $1,000 worth of Equipment. The ending balance in the account is:


A) debit of $3,000.
B) credit of $4,000.
C) debit of $5,000.
D) credit of $3,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions