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A business purchases equipment costing $5,700. They pay $1,200 right away and charge the remaining amount. To record this transaction, the business would: Debit Equipment
A business purchases equipment costing $5,700. They pay $1,200 right away and charge the remaining amount. To record this transaction, the business would: Debit Equipment $4,500; Credit Accounts Payable $4,500 Debit Equipment $1,200; Credit Cash $1,200 Debit Equipment $5,700; Credit Cash $1,200 and Credit Accounts Payable $4,500 Debit Equipment $5,700; Credit Accounts Payable $5,700
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Computer Accounting With Peachtree Complete 2011
Authors: Carol Yacht, Peachtree Software
15th Edition
007811098X, 978-0078110986
