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

Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Business

Accounting

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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