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A company credit card was used to purchase a new $250 computer monitor and a $125 cartridge for the office copier. The company capitalizes all
A company credit card was used to purchase a new $250 computer monitor and a $125 cartridge 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. )
Account Debit Credit Office equipment 231.48 0 Answer Supplies expense 115.74 0 Answer Sales tax payable 0 375 Answer were wrong! what is correct answers?
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