The Entry to Record the Purchase of a Machine on Account

question 78

Multiple Choice

The entry to record the purchase of a machine on account that costs $10,000, installation costs, $1,000, and freight, $600, would be:

• A) debit Machinery $10,000; credit Accounts Payable $10,000.
• B) debit Machinery $10,000; debit Expenses $1,600; credit Accounts Payable $11,600.
• C) debit Machinery $11,600; credit Accounts Payable $11,600.
• D) debit Machinery $11,000; debit Freight Expense $600; credit Accounts Payable $11,600.

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Definitions:

Cephalic

Relating to the head or the head end of the body, often used in medical contexts to describe location or direction.

Cephal

Pertaining to the head or the head end of the body, often used in medical and biological contexts.

Hereditary Unit

A gene, which is the basic physical and functional unit of heredity, responsible for transmitting traits from parents to offspring.

Hereditary Traits

Characteristics or attributes that are passed from parents to their offspring through genes.