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Home Q & A Board Other Fields Homework Help Business Accounting
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lvida lvida
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5 years ago
A business purchases equipment by paying $6,081 in cash and issuing a note payable of $12,291. Which of the following occurs?
A) Cash is credited for $6,081, Equipment is credited for $18,372, and Notes Payable is debited for $12,291.
B) Cash is credited for $6,081, Equipment is debited for $18,372, and Notes Payable is credited for $12,291.
C) Cash is debited for $6,081, Equipment is debited for $12,291,and Notes Payable is credited for $18,372.
D) Cash is debited for $6,081, Equipment is credited for $12,291, and Notes Payable is debited for $6,210.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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billybob888billybob888
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lvida Author
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#2
5 years ago
Thank you for being such a great website leader! Your answer's right.
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