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Computer equipment is an asset of business and that's why it has debit balance as a normal balance.
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What is the purchase of equipment on credit recorded by?
A debit to equipment and a credit to liability
The purchase of equipment on credit is recorded by?
Debit to Equipment and a credit to Accounts Payable
How to post investment in common stock of 71280 purchased by paying 28890 cash and contributing computer equipment worth 42390?
Debit Cash 28890 Debit Equipment 42390 Credit Capital 71280
Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
The balance of a furniture and equipment account a debit or credit?
It is a debit balance. Furniture and Equipment accounts are included in an individuals assets and asset accounts have debit values.
Is equipment a debit or credit?
it is a credit because more than likely the job is paying for it
Is office equipment a debit or credit?
it is a credit because more than likely the job is paying for it
Is office equipment debit or credit?
it is a credit because more than likely the job is paying for it
Is increasing store equipment a debit or credit?
Increasing store equipment is recorded as a debit in accounting. This is because debits represent an increase in asset accounts, and store equipment is classified as a long-term asset. When you purchase or acquire equipment, you debit the equipment account to reflect its increased value. Conversely, any associated liability or cash payment would be recorded as a credit.
Is property and equipment credit or debit?
property and equipment should be debited if they increases because both are assets
What is the journal entry for a purchase of equipment when you want to charge half of the cost to the tenant?
[Debit] Equipment [Credit] Cash / bank (half) [Credit] Tenant
Is prepaid insurance a debit or credit?
Debit
