中国大学MOOC: A company purchased an equipment by paying $26, 000 cash. When this transaction is recorded, the cash account is debited for $26, 000.
举一反三
- 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 ….
- FastForward purchased $25,000 of equipment for cash. The Equipment asset account is _______________ for $25,000 and the cash account is _______________ for $25,000.
- When a company pays a bill, the account Cash will be__. A: No change B: Debited C: Credited
- 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
- 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