What account should be debited and what account should be credited and for how much? You can first write out the answers then post into T accounts (use separate t accounts for each section) 1) wages were paid for $600 sep 1 2) a sale of goods on account was made for $500 sep 5 3) equipment was purchased for $4000, half on account half cash sep 7

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What account should be debited and what
account should be credited and for how
much? You can first write out the answers
then post into T accounts (use separate t
accounts for each section)
1) wages were paid for $600 sep 1
2) a sale of goods on account was made for
$500 sep 5
3) equipment was purchased for $4000,
half on account half cash sep 7
Transcribed Image Text:What account should be debited and what account should be credited and for how much? You can first write out the answers then post into T accounts (use separate t accounts for each section) 1) wages were paid for $600 sep 1 2) a sale of goods on account was made for $500 sep 5 3) equipment was purchased for $4000, half on account half cash sep 7
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