Gently Laser Clinic purchased laser equipment for $6,780 and paid $621 down, with the remainder to be paid later. The correct entry would be a. Equipment Expense 6,780 Accounts Payable Cash Ob. Equipment Cash Oc. Equipment Accounts Payable Cash Od. Cash Accounts Payable Equipment 621 6,780 621 6,159 621 6,159 621 6,159 621 6,780

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 3.4C
icon
Related questions
icon
Concept explainers
Question
Gently Laser Clinic purchased laser equipment for $6,780 and paid $621 down, with the remainder to be paid later. The correct entry would be
a. Equipment Expense
Accounts Payable
Cash
Ob. Equipment
Cash
Oc. Equipment
d.
Accounts Payable
Cash
Cash
Accounts Payable
Equipment
6,780
621
6,780
621
6,159
621
6,159
621
6,159
621
6,780
Transcribed Image Text:Gently Laser Clinic purchased laser equipment for $6,780 and paid $621 down, with the remainder to be paid later. The correct entry would be a. Equipment Expense Accounts Payable Cash Ob. Equipment Cash Oc. Equipment d. Accounts Payable Cash Cash Accounts Payable Equipment 6,780 621 6,780 621 6,159 621 6,159 621 6,159 621 6,780
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning