Multiple Choice
A business purchases equipment for $8,000 cash. Which of the following accounts will be credited?
A) Cash
B) Accounts Payable
C) Sandra, Capital
D) Equipment
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: Which of the following is an asset
Q79: A payment of an expense in advance
Q89: Posting a transaction means _.<br>A) calculating the
Q138: Grace Company has a debt ratio of
Q140: The following are the current month's balances
Q143: A business has the following transactions: the
Q144: The trial balance verifies the equality of
Q146: Carol Instruments sells musical instruments. On December
Q147: A debit always means a decrease and
Q176: When is a trial balance usually prepared?<br>A)