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Other Fields Homework Help Accounting Topic started by: H3Ko on Aug 28, 2016



Title: A business purchases equipment by paying $9,087 in cash and issuing a note payable of $13,264. Which ...
Post by: H3Ko on Aug 28, 2016
A business purchases equipment by paying $9,087 in cash and issuing a note payable of $13,264. Which of the following occurs?
A) Cash is credited for $9,087, Equipment is credited for $22,351, and Notes Payable is debited for $13,264.
B) Cash is debited for $9,087, Equipment is debited for $13,264,and Notes Payable is credited for $22,351.
C) Cash is credited for $9,087, Equipment is debited for $22,351, and Notes Payable is credited for $13,264.
D) Cash is debited for $9,087, Equipment is credited for $13,264, and Notes Payable is debited for $4,177.


Title: Re: A business purchases equipment by paying $9,087 in cash and issuing a note payable of $13,264. ...
Post by: Mrgo-breed on Aug 28, 2016
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Title: Re: A business purchases equipment by paying $9,087 in cash and issuing a note payable of $13,264. Which ...
Post by: H3Ko on Oct 12, 2016
I just realized you had posted this! Thanks so much


Title: Re: A business purchases equipment by paying $9,087 in cash and issuing a note payable of $13,264. Which ...
Post by: Mrgo-breed on Oct 16, 2016
Excellent :)