Gently Laser Clinic purchased laser equipment for $6,320 and paid $661 down, with the remainder to be paid later. The correct entry would beOa.Cash661Accounts Payable5,6596,320EquipmentOb. Cash661EquipmentOc. Equipment ExpenseAccounts Payable661Cash5,659Od. EquipmentCashOe.EquipmentAccounts PayableCash6616,3206616,3206615,659661

Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Gently Laser Clinic purchased laser equipment for $6,320 and paid $661 down, with the remainder to be paid later. The correct entry would be Oa. Cash 661 Accounts Payable 5,659 Equipment 6,320 Ob. Cash 661 661 Equipment Oc. Equipment Expense 6,320 661 Accounts Payable Cash 5,659 Od. Equipment 661 661 Cash Oe. Equipment. 5,659 661 Accounts Payable Cash 6,320

Gently Laser Clinic purchased laser equipment for $6,320 and paid $661 down, with the remainder to be paid later. The correct entry would be Oa. Cash 661 Accounts Payable 5,659 Equipment 6,320 Ob. Cash 661 661 Equipment Oc. Equipment Expense 6,320 661 Accounts Payable Cash 5,659 Od. Equipment 661 661 Cash Oe. Equipment. 5,659 661 Accounts Payable Cash 6,320

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 3.4C

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