• 2022-05-29
    中国大学MOOC: A company purchased an equipment by paying £26,000 cash. When this transaction is entered in the journal, the equipment account is ________ for £26,000 and ….
  • debited

    内容

    • 0

      Your company purchased on credit art equipment from Greg’s Equipment Company for $3,900. The transaction will be recorded as:( ) A: Dr. Accounts Payable $3,900 Cr. Art Equipment $3,900 B: Dr. Art Equipment $3,900 Cr. Accounts Payable $3,900 C: Dr. Cash $3,900 Cr. Art Equipment $3,900 D: Dr. Art Equipment $3,900 Cr. Cash $3,900

    • 1

      A photocopy firm purchased office equipment from Hougas Equipment Co. for $5,300, paying $2,300 in cash and agreeing to pay the rest next month. The entries are: Dr. Office Equipment $5,300 Cr. Cash $2,300 __________ $3,000

    • 2

      Oliver Ltd purchased a piece of equipment for $20 000. It paid GST of $2000, shipping charges of $500, and insurance during transit of $200. Installation and testing of the new equipment cost $1000. The total to be debited to the Equipment account is: A: $22 000 B: $22 700 C: $23 000 D: $23 700

    • 3

      R company sold old equipment for $25 000. The equipment had a cost of $50 000 and accumulated depreciation of $30 000. The entry to record the sale of the equipment would include a ( ). A: loss on disposal of $25 000 B: gain on disposal of $25 000 C: loss on disposal of $5 000 D: gain on disposal of $5 000

    • 4

      Which one of the following would be an error of principle? A: Plant and machinery purchased was credited to a non-current assets account B: Plant and machinery purchased was debited to the purchases account C: Plant and machinery purchased was debited to the equipment account D: Plant and machinery purchased was credited to the equipment account