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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![Which account would be credited when a business purchases
equipment on account?
a) Equipment
b) Cash
c) Accounts Receivable
d) Accounts Payable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F85cdda65-6066-4f1c-937a-46847384f430%2Fc10ab4b8-4c37-4049-8c0d-599a2866a97a%2Fgkodcoi_processed.jpeg&w=3840&q=75)
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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