Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gently Laser Clinic purchased laser equipment for $5,546 and paid $776 down, with the remainder to be paid later. The correct entry would be a.Equipment

Gently Laser Clinic purchased laser equipment for $5,546 and paid $776 down, with the remainder to be paid later. The correct entry would be

a.Equipment Expense5,546Accounts Payable776Cash4,770

b.Cash776Accounts Payable4,770Equipment5,546

c.Cash776Equipment776

d.Equipment776Cash776

e.Equipment5,546Accounts Payable4,770Cash776

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Thomas Calculus Early Transcendentals

Authors: Joel R Hass, Christopher E Heil, Maurice D Weir

13th Edition

978-0321884077, 0321884078

Students also viewed these Accounting questions

Question

What was the first language you learned to speak?

Answered: 1 week ago

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago

Question

Define line and staff authority

Answered: 1 week ago

Question

Define the process of communication

Answered: 1 week ago

Question

Explain the importance of effective communication

Answered: 1 week ago