Question
The beginning balance in the Equipment account was$4,000. The company purchased an additional$1,000 worth of Equipment. The ending balance in the accountis: A. debit of$3,000.
The beginning balance in the Equipment account was$4,000. The company purchased an additional$1,000 worth of Equipment. The ending balance in the accountis:
A.
debit of$3,000.
B.
credit of$3,000.
C.
debit of$5,000.
D.
credit of$4,000.
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
