The Entry to Record the Purchase of a Machine on Account

question 106

Multiple Choice

The entry to record the purchase of a machine on account that costs $15,000,installation costs,$1,500,and freight,$700,would be:

• A)debit Machinery $15,000;credit Accounts Payable $15,000.
• B)debit Machinery $15,000;debit Expenses 2,200;credit Accounts Payable $17,200.
• C)debit Machinery $17,200;credit Accounts Payable $17,200.
• D)debit Machinery $16,500;debit Freight Expense 700;credit Accounts Payable $17,200.

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Definitions:

Political Changes

Alterations or evolutions in the governance structure, policy, or leadership of a political entity such as a country, state, or municipality.

Unadjusted Rate

A statistical measure that has not been modified to account for various factors or potential confounders that could affect the interpretation of the data.

Demographic Characteristics

Statistical data relating to the population and particular groups within it, encompassing aspects such as age, race, gender, income, education, and employment.

Infant Mortality Rate

is the number of deaths of infants under one year old per 1,000 live births in a given year.