Q15. A restaurant purchased anmachine for $4000 paying $1,000 in cashicewith the balance carried on account. Thejournal entry to record this transaction iswhich of the following?Debit equipment $1,000, creditaccounts payable $3,000а.Debit equipment $3,000, creditcash $4,000O b.Debit equipment $4,000, credit cash$1,000С.Debit equipment $4,000, credit cash$1,000 and credit accountspayable $3,000d.

Name: Q15. A restaurant purchased anmachine for $4000 paying $1,000 in cash
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Description: Q15. A restaurant purchased anmachine for $4000 paying $1,000 in cashicewith the balance carried on account. Thejournal entry to record this transaction iswhich of the following?Debit equipment $1,000, creditaccounts payable $3,000а.Debit equipment

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Q15. A restaurant purchased an machine for $4,000 paying $1,000 in cash with the balance carried on account. The ice journal entry to record this transaction is which of the following? Debit equipment $1,000, credit a. accounts payable $3,000 Debit equipment $3,000, credit cash $4,000 ) b. Debit equipment $4,000, credit cash Oc. $1,000 Debit equipment $4,000, credit cash $1,000 and credit accounts Od. payable $3,000

Q15. A restaurant purchased an machine for $4,000 paying $1,000 in cash with the balance carried on account. The ice journal entry to record this transaction is which of the following? Debit equipment $1,000, credit a. accounts payable $3,000 Debit equipment $3,000, credit cash $4,000 ) b. Debit equipment $4,000, credit cash Oc. $1,000 Debit equipment $4,000, credit cash $1,000 and credit accounts Od. payable $3,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter3: Basic Accounting Systems: Accrual Basis

Section: Chapter Questions

Problem 2SEQ: On January 24, 20Y8, Niche Consulting collected $5,700 it had hilled its clients for services...

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