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    kekebrown's Avatar
    kekebrown Posts: 20, Reputation: 0
    New Member
     
    #1

    Aug 28, 2008, 05:46 PM
    Acquisition of equipment on account
    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

    :confused:
    hotline15's Avatar
    hotline15 Posts: 3, Reputation: 1
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    #2

    Sep 6, 2008, 01:25 PM
    Correct

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