A photocopy firm bought photocopy equipment for $2,000 with cash. The entries are:Dr. Photocopy Equipment $2,000Cr. $2,000
Accounts Payable
B. Cash
Check
A photocopy firm purchased office equipment from Hougas Equipment Co. for $5,300, paying $2,300 in cash and agreeing to pay the rest next month. The entries are:Dr. Office Equipment $5,300Cr. Cash $2,300$3,000
Accounts Receivable
B. Accounts payable
C. Notes Payable
Your company purchased on credit art equipment from Greg’s Equipment Company for $3,900. The transaction will be recorded as:
A. Dr. Art Equipment $3,900 Cr. Accounts Payable $3,900
B. Dr. Accounts Payable $3,900 Cr. Art Equipment $3,900
C. Dr. Art Equipment $3,900 Cr. Cash $3,900
The missing amount should be:
A. 8,045,000
B. 7,950,000
C. 7,955,000