QUESTION $($

Which of the following would be a correct explanation of a transaction that is a debit to

ANSWER

computer equipment and a credit to capital?

A manager has used company cash to purchase a computer to be

used in the operation of the business

In lieu of accounts receivable, computer equipment has been used as

compensation for services provided or product sold by the business

In lieu of a cash payment, computer equipment has been used as

compensation for services provided or product sold by the business

An owner has contributed computer equipment to be used in the

operation of the business.

IDON'T KNOW YET