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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
The entry to record the purchase of a machine on account that costs $15,000, installation costs, $1,500, and freight, $700, would be:
A) debit Machinery $15,000; debit Expenses 2,200; credit Accounts Payable $17,200.
B) debit Machinery $16,500; debit Freight Expense 700; credit Accounts Payable $17,200.
C) debit Machinery $15,000; credit Accounts Payable $15,000.
D) debit Machinery $17,200; credit Accounts Payable $17,200.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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LaffioLaffio
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6 years ago
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