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Keatts Corporation owns a machine that was purchased 3 years ago. The company spent $7,000 improve the productive quality of the machine. Which of the
Keatts Corporation owns a machine that was purchased 3 years ago. The company spent $7,000 improve the productive quality of the machine. Which of the following choices represents the journal entry necessary to record this transaction? |
Assets | = | Liab. | + | Equity | Rev. | Exp. | = | Net Inc. | Cash Flow | |||||||||
Cash | + | Mach. | Acc. Dep. | |||||||||||||||
(7,000) | + | n/a | n/a | = | n/a | + | (7,000) | n/a | 7,000 | = | (7,000) | (7,000) OA |
Assets | = | Liab. | + | Equity | Rev. | Exp. | = | Net Inc. | Cash Flow | |||||||||
Cash | + | Mach. | Acc. Dep. | |||||||||||||||
(7,000) | + | 7,000 | n/a | = | n/a | + | n/a | n/a | n/a | = | n/a | (7,000) IA |
Assets | = | Liab. | + | Equity | Rev. | Exp. | = | Net Inc. | Cash Flow | |||||||||
Cash | + | Mach. | Acc. Dep. | |||||||||||||||
(7,000) | + | n/a | (7,000) | = | n/a | + | n/a | n/a | n/a | = | n/a | (7,000) IA |
Assets | = | Liab. | + | Equity | Rev. | Exp. | = | Net Inc. | Cash Flow | |||||||||
Cash | + | Mach. | Acc. Dep. | |||||||||||||||
(7,000) | + | n/a | n/a | = | n/a | + | (7,000) | n/a | 7,000 | = | (7.000) | (7,000) IA |
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