The beginning balance in the Equipment account was$4,500.The company purchased an additional$2,500worth of Equipment. The...

50.1K

Verified Solution

Question

Accounting

The beginning balance in the Equipment account was$4,500.The company purchased an additional$2,500worth of Equipment. The ending balance in the account is:

A.credit of $4,500.

B.credit of $2,000.

C.debit of $2,000.

D.debit of $7,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students