Gently Laser Clinic purchased laser equipment for $4,429 and paid $806 down, with the remainder to be paid later. The correct entry would be a. Account Debit Credit Cash 806 Equipment 806 b. Account Debit Credit Cash 806 Accounts Payable 3,623 Equipment 4,429 c. Account Debit Credit Equipment Expense 4,429 Accounts Payable 806 Cash 3,623 d. Account Debit Credit Equipment 4,429 Accounts Payable 3,623 Cash 806 e. Account Debit Credit Equipment 806 Cash 806

Gently Laser Clinic purchased laser equipment for $4,429 and paid $806 down, with the remainder to be paid later. The correct entry would be a. Account Debit Credit Cash 806 Equipment 806 b. Account Debit Credit Cash 806 Accounts Payable 3,623 Equipment 4,429 c. Account Debit Credit Equipment Expense 4,429 Accounts Payable 806 Cash 3,623 d. Account Debit Credit Equipment 4,429 Accounts Payable 3,623 Cash 806 e. Account Debit Credit Equipment 806 Cash 806

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Account	Debit	Credit
Cash	806
Equipment		806

Account	Debit	Credit
Cash	806
Accounts Payable	3,623
Equipment		4,429

Account	Debit	Credit
Equipment Expense	4,429
Accounts Payable		806
Cash		3,623

Account	Debit	Credit
Equipment	4,429
Accounts Payable		3,623
Cash		806

Account	Debit	Credit
Equipment	806
Cash		806

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