Question
Equipment costing $19600is purchased by paying $4900cash and signing a note payable for the remainder. The journal entry should include a debit to Cash. credit
Equipment costing $19600is purchased by paying $4900cash and signing a note payable for the remainder. The journal entry should include a
debit to Cash.
credit to Equipment.
credit to Notes Payable.
credit to Notes Receivable
A trial balance will balance even if
a journal entry to record the purchase of equipment for cash of $50400is not posted.
a $18100cash dividend is debited to dividends for $18100and credited to cash for $1810.
a $510collection on accounts receivable is credited to accounts receivable for $510without a corresponding debit.
a purchase of supplies for $595on account is debited to supplies for $595and credited to accounts payable for $559.
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