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The purchase of equipment on credit is recorded by?
Debit to Equipment and a credit to Accounts Payable
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 office equipment 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
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
Is equipment a debit or credit balance account?
equipment is a fixed asset.so it's a Debit balance account.
Is computer equipment a debit or credit?
Computer equipment is an asset of business and that's why it has debit balance as a normal balance.
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 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 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.
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
What is the Journal entry for loss on sale of equipment?
[Debit] Loss on sale of equipment xxxx [Credit] Asset account xxxx
