Martin also purchases two more computers and six more calculators since he's doing more tutoring at his new location. The equipment, purchased from Paper Bag Depot, costs $$1,572$ in total $($$$312$ for the six calculators and $$1,260$ for the two computers$).$ Martin expects the computers to last three years and the calculators to last four years. Martin uses a new credit card to make the purchase.

$$ You set up the credit card general ledger account for the VISA credit card first. You use Prime Visa Payable as the account name and $220$ as the account number. TIP: In the Save account under field, select Credit Cards. $($This is the account type.$)$ In the Tax form section field, select Credit Card. $($This is the detail type.$)$

$$ You enter the credit card charge using $1/2$ as the date. You select Computer & Office Equipment $($#$180)$ as the distribution account for the calculators and the computers.

TIP: Use the Expense form to record credit card charges. Paper Bag Depot is the payee. Select the new credit card account as the Payment account. Select VISA as the payment method and leave the Ref no$.$ blank.

$$ TIP: Ignore the sidebar that appears on the right hand side of the screen. You are not paying the outstanding bill from Paper Bag Depot as part of this transaction.