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Author Question: When delivery equipment is purchased on account, the transaction to be entered by the purchaser ... (Read 147 times)

natalie2426

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on: Jul 5, 2018
When delivery equipment is purchased on account, the transaction to be entered by the purchaser includes
 a. debiting Delivery Equipment and crediting Accounts Payable.
   b. debiting Delivery Expense and crediting Cash.
   c. debiting Delivery Expense and crediting Accounts Payable.
   d. debiting Delivery Equipment and crediting Cash.

Question 2

A packaging department is most likely a profit center.
 
  Indicate whether this statement is true or false.


vboyd24

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

Answer: FALSE


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natalie2426

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Reply #2 on: Jul 5, 2018
Thank you


vboyd24

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Reply #3 on: Jul 5, 2018
No problemo


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