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Knowledge Check 01 Carys Carpet Cleaning, Inc. purchased $10,000 of carpet cleaning equipment, paying $2,000 cash and giving an informal promise to pay $8,000 at

Knowledge Check 01 Carys Carpet Cleaning, Inc. purchased $10,000 of carpet cleaning equipment, paying $2,000 cash and giving an informal promise to pay $8,000 at the end of the month. On April 30, Carys Carpeting Cleaning pays $8,000 to the equipment supplier.

Prepare the appropriate journal entry for the payment on April 30. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

image text in transcribed Journal entry worksheet Note: Enter debits before credits

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