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Acquisition of equipment on account

Asked Aug 28, 2008, 05:46 PM — 1 Answer
Which of the following entries records the acquisition of equipment on account?

A. Equipment, debit; Accounts Payable, credit
B. Equipment, debit; cash, credit
C. Accounts payable, debit; Equipment, credit
D. Accounts payable, debit; notes payable, credit

I think the answer is A


1 Answer
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hotline15 Posts: 3, Reputation: 1
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#2

Sep 6, 2008, 01:25 PM
Correct
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