Asked by leah
purchased dental equipment at 15,000 and invested cash of 500,000
Answers
Answered by
Writeacher
There is no question here.
Answered by
Roman
For additional help with Accounting, please visit my site at taxlatutor (dot) webs (dot) com
I'm assuming you need to journalize these transactions.
Dr. Equipment $15,000
Cr. Cash (or Accounts Payable if you're buying on credit) $15,000
Dr. Cash $500.000
Cr. Owner's Capital $500,000
Your debits and credits must always balance in the end. I can show you an easy way to understand and remember how to determine which side to debit and which to credit. Good luck!
I'm assuming you need to journalize these transactions.
Dr. Equipment $15,000
Cr. Cash (or Accounts Payable if you're buying on credit) $15,000
Dr. Cash $500.000
Cr. Owner's Capital $500,000
Your debits and credits must always balance in the end. I can show you an easy way to understand and remember how to determine which side to debit and which to credit. Good luck!
There are no AI answers yet. The ability to request AI answers is coming soon!