Which account would be credited when a business purchases equipment on account? a) Equipment b) Cash c) Accounts Receivable d) Accounts Payable
Which account would be credited when a business purchases equipment on account? a) Equipment b) Cash c) Accounts Receivable d) Accounts Payable
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 6QY
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equipment on account?
a) Equipment
b) Cash
c) Accounts Receivable
d) Accounts Payable"
Transcribed Image Text:Which account would be credited when a business purchases
equipment on account?
a) Equipment
b) Cash
c) Accounts Receivable
d) Accounts Payable
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