Zimmy Computers bought equipment on account for $4,000. Which of the following are the correct T accounts for this transaction? a. Equipment Accounts Payable + - - + Debit Credit Debit Credit 4000 4000 b. Equipment Accounts Payable - + + - Debit Credit Debit Credit 4000 4000 c. Equipment Cash + - - + Debit Credit Debit Credit 4000 4000 d. Equipment Cash + - + - Debit Credit Debit Credit 4000 4000
Zimmy Computers bought equipment on account for $4,000. Which of the following are the correct T accounts for this transaction? a. Equipment Accounts Payable + - - + Debit Credit Debit Credit 4000 4000 b. Equipment Accounts Payable - + + - Debit Credit Debit Credit 4000 4000 c. Equipment Cash + - - + Debit Credit Debit Credit 4000 4000 d. Equipment Cash + - + - Debit Credit Debit Credit 4000 4000
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 6AP
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Zimmy Computers bought equipment on account for $4,000. Which of the following are the correct T accounts for this transaction?
a.
Equipment | Accounts Payable | ||
+ | - | - | + |
Debit | Credit | Debit | Credit |
4000 | 4000 |
b.
Equipment | Accounts Payable | ||
- | + | + | - |
Debit | Credit | Debit | Credit |
4000 | 4000 |
c.
Equipment | Cash | ||
+ | - | - | + |
Debit | Credit | Debit | Credit |
4000 | 4000 |
d.
Equipment | Cash | ||
+ | - | + | - |
Debit | Credit | Debit | Credit |
4000 | 4000 |
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