A business paid $ 44 comma 000$44,000 cash to purchase equipment. The business would: ...
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Accounting
A business paid
$ 44 comma 000$44,000
cash to purchase equipment. The business would:
A.debit Equipment for
$ 44 comma 000$44,000
and credit Cash for
$ 44 comma 000$44,000.
B.debit Accounts Payable for
$ 44 comma 000$44,000
and credit Cash for
$ 44 comma 000$44,000.
C.debit Cash for
$ 44 comma 000$44,000
and credit Notes Payable for
$ 44 comma 000$44,000.
D.debit Equipment for
$ 44 comma 000$44,000
and credit Accounts Payable for
$ 44 comma 000$44,000.
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