A company credit card was used to purchase a new $250 computer monitor and a $125 cartidge for the office copier. the company capitalizes all equipment purchases over $150. Sales tax, at 8%, was added to the cost of both items.

prepare the entry to record the purchase. (If no entry is required, select "No Debit" or "No credit" in the account field.)

A company credit card was used to purchase a ne was added to the cost of both items. Prepare the entry to record the purchase. (if no en