menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial and Managerial Accounting
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    A Business Purchases Equipment for $8,000 Cash
Solved

A Business Purchases Equipment for $8,000 Cash

Question 52

Question 52

Multiple Choice

A business purchases equipment for $8,000 cash.Which of the following accounts will be debited?


A) Cash
B) Accounts Payable
C) Common Stock
D) Equipment

Correct Answer:

verifed

Verified

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

Related Questions

Q47: For Revenues,the category of account and its

Q48: The following are the current month's balances

Q50: For Stockholders' Equity,the category of accounting equation

Q51: The Accounts Receivable account of Nuptials

Q56: Which of the following journal entries

Q101: When a business records an expense incurred,

Q112: The trial balance is an internal document

Q121: A business collects cash from a customer

Q183: A payable involves a future receipt of

Q219: An asset account is increased by a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines