On June 1, 2010 Quang Le Buys a Copier Machine

question 114

Multiple Choice

On June 1, 2010 Quang Le buys a copier machine for his business and finances this purchase with cash and a note. When journalizing this transaction, he will

• A) use two journal entries.
• B) make a compound entry.
• C) make a simple entry.
• D) list the credit entries first, which is proper form for this type of transaction.

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