Kathy purchased new furniture for $10,000. She put $1,000 down and financed $9,000. She will...
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Accounting
Kathy purchased new furniture for $ She put $ down and financed $ She will pay $ per month until the loan is paid off. Which of the following are true? The furniture should be recorded as an asset of $ on Kathy's balance sheet. The $ is entered as a liability on Kathy's balance sheet. The furniture should be recorded as a $ expenditure on Kathy's balance sheet. The $ payments are expenditures on Kathy's income and expenditure statement. All are correct except c 
Kathy purchased new furniture for $ She put $ down and financed $ She will pay $ per month
until the loan is paid off. Which of the following are true?
The furniture should be recorded as an asset of $ on Kathy's balance sheet.
The $ is entered as a liability on Kathy's balance sheet.
The furniture should be recorded as a $ expenditure on Kathy's balance sheet.
The $ payments are expenditures on Kathy's income and expenditure statement.
All are correct except c
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