Solved

A Business Purchases Equipment for $8,000 Cash

Question 37

Multiple Choice

A business purchases equipment for $8,000 cash.Which of the following accounts is credited?

A) Cash
B) Accounts Payable
C) Owner,Capital
D) Equipment

Related Questions

Q32: A business makes a cash payment to

Q33: For each transaction,identify which account is debited

Q36: A business pays $500 cash for office

Q38: The following are the current month's balances

Q39: The following are the current month's balances

Q40: A business purchases equipment for $8,000 cash.Which

Q41: For Revenues,the category of account and its

Q82: A liability account is increased by a

Q85: Which one of the following account groups

Q142: Debit refers to the right side of