A business purchases equipment for $8,000 cash. Which of the following accounts is debited?

A) Cash
B) Accounts Payable
C) Common Stock
D) Equipment

Answer: D) Equipment

Business

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Daryl encouraged his prospective client to buy Car A for $38,000 because it was a comfortable, reliable, and fuel-efficient model. But the client was interested in Car B, a used car costing $10,000 less

How could Daryl apply the total cost of ownership to convince this client to buy Car A?

Business

The bidder in a takeover generally should take advantage of temporary anonymity to purchase shares of the target before its intentions are publicly known and the target firm's price rises. Such initial purchases establish a _

a. foothold b. leghold c. armhold d. toehold

Business