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Zimmy Computers bought equipment on account for $4,000. Which of the following are the correct T accounts for this transaction? a. Equipment   Accounts Payable + - - + Debit Credit Debit Credit 4000     4000 b. Equipment   Accounts Payable - + + - Debit Credit Debit Credit 4000     4000 c. Equipment   Cash + - - + Debit Credit Debit Credit 4000     4000 d. Equipment   Cash + - + - Debit Credit Debit Credit 4000     4000

Zimmy Computers bought equipment on account for $4,000. Which of the following are the correct T accounts for this transaction? a. Equipment   Accounts Payable + - - + Debit Credit Debit Credit 4000     4000 b. Equipment   Accounts Payable - + + - Debit Credit Debit Credit 4000     4000 c. Equipment   Cash + - - + Debit Credit Debit Credit 4000     4000 d. Equipment   Cash + - + - Debit Credit Debit Credit 4000     4000

FINANCIAL ACCOUNTING
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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Zimmy Computers bought equipment on account for $4,000. Which of the following are the correct T accounts for this transaction?
a.
Equipment   Accounts Payable
+ - - +
Debit Credit Debit Credit
4000     4000
b.
Equipment   Accounts Payable
- + + -
Debit Credit Debit Credit
4000     4000
c.
Equipment   Cash
+ - - +
Debit Credit Debit Credit
4000     4000
d.
Equipment   Cash
+ - + -
Debit Credit Debit Credit
4000     4000
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