Alpha Geek

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    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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    Polytechnic State University
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Category > Accounting Posted 07 May 2017 My Price 3.00

The owner invested personal equipment in the business

The owner invested personal equipment in the business. To record this transaction:

 
A. debit Equipment and credit Capital.  
 
B. debit Accounts Payable and credit Equipment.  
 
C. debit Equipment and credit Accounts Payable.  
 
D. credit Equipment and debit Capital.
 
 

 

Answers

Alpha Geek
(8)
Status NEW Posted 07 May 2017 03:05 PM My Price 3.00

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file 1494172793-453136_1_636296701534532845_453136.docx preview (82 words )
T-----------he -----------own-----------er -----------inv-----------est-----------ed -----------per-----------son-----------al -----------equ-----------ipm-----------ent----------- in----------- th-----------e b-----------usi-----------nes-----------s. -----------To -----------rec-----------ord----------- th-----------is -----------tra-----------nsa-----------cti-----------on:----------- A-----------. d-----------ebi-----------t E-----------qui-----------pme-----------nt -----------and----------- cr-----------edi-----------t C-----------api-----------tal-----------. B-----------. d-----------ebi-----------t A-----------cco-----------unt-----------s P-----------aya-----------ble----------- an-----------d c-----------red-----------it -----------Equ-----------ipm-----------ent-----------. C-----------. d-----------ebi-----------t E-----------qui-----------pme-----------nt -----------and----------- cr-----------edi-----------t A-----------cco-----------unt-----------s P-----------aya-----------ble-----------. D-----------. c-----------red-----------it -----------Equ-----------ipm-----------ent----------- an-----------d d-----------ebi-----------t C-----------api-----------tal-----------. S-----------olu-----------tio-----------n -----------Deb-----------it -----------Equ-----------ipm-----------ent----------- an-----------d c-----------red-----------it -----------Cap-----------ita-----------l. ----------- Ex-----------pla-----------nat-----------ion----------- W-----------hen----------- a -----------cas-----------h o-----------r a-----------sse-----------t h-----------as -----------bee-----------n i-----------nve-----------ste-----------d i-----------n t-----------he -----------bus-----------ine-----------ss -----------the-----------n w-----------e w-----------ill----------- de-----------bit----------- ca-----------sh -----------or -----------ass-----------et -----------and----------- cr-----------edi-----------t t-----------he -----------cap-----------ita-----------l.
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