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-   -   Acquisition of equipment on account (https://www.askmehelpdesk.com/showthread.php?t=254183)

  • Aug 28, 2008, 05:46 PM
    kekebrown
    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:
  • Sep 6, 2008, 01:25 PM
    hotline15
    Correct

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