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Author Question: Katelyn purchased $10,000 of new electronic equipment for her DJ Company on account. The effect on ... (Read 766 times)

asan beg

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Katelyn purchased $10,000 of new electronic equipment for her DJ Company on account. The effect on the basic accounting equation was to
◦ increase Cash $10,000 and increase Equipment $10,000.
◦ decrease Cash $10,000 and increase Accounts Payable $10,000.
◦ decrease Cash $10,000 and increase Equipment $10,000.
◦ increase Equipment $10,000 and increase Accounts Payable $10,000.


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Marked as best answer by asan beg on Nov 10, 2019

Kjones0604

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asan beg

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Reply 2 on: Nov 10, 2019
:D TYSM


tkempin

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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