27-10-2020
Business

contestada

When a company purchases equipment, what account is credited in the
journal entry for this transaction?
A. Sales
B. Equipment
C. Depreciation
D. Cash

Respuesta :

sheepinthemeadow sheepinthemeadow

05-04-2022

Answer: Cash.

Explanation: Cash is credited in the journal entry, because the asset cash decreases. (I know, it seems backwards and it’s hard to wrap your brain around it.)

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