Chapter 2 Journal Entries Flashcards
1
Q
Purchased new equipment, paying cash of $13,100 and signing a 90-day note payable for the balance of $23,000
A
Equipment Dr. 36100, Cash Cr. 13100, Notes Payable Cr. 23000
Purchased new equipment, paying cash of $13,100 and signing a 90-day note payable for the balance of $23,000
Equipment Dr. 36100, Cash Cr. 13100, Notes Payable Cr. 23000