Quickbooks

transaction entry.) Date Transaction 01/04/2023 Paint Palette made a credit purchase of $1,000 from Brewer Paint Supplies of painting equipment including ladders and drop cloths. The painting equipment is recorded as an asset because it will benefit more than one accounting period and will be depreciated over the useful life of the equipment. Use Account 14500 Equipment Cost to record the $1,000 purchase of painting equipment. 02/01/2023 Use the memorized transaction to record the bill for the February van lease to be paid later