Multiple Choice
A business purchases equipment for cash in the amount of $8,000.Which account is debited?
A) Cash
B) Accounts payable
C) Utilities expense
D) Equipment
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q110: The following transactions have been journalized and
Q111: A trial balance is a list of
Q112: ABC Services reported the following transactions for
Q113: A business renders services to its
Q114: A business purchases supplies for $200
Q116: A company received $75,000 from a customer
Q117: A business has the following transactions:
Q118: The following transactions have been journalized
Q119: A business repays the amount borrowed on
Q120: A business makes a payment of $1,200