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:

Food Insecurity

A condition where individuals or households lack reliable access to sufficient quantities of affordable, nutritious food.

Doula

A trained professional who provides continuous support to a mother before, during, and shortly after childbirth to help her achieve the healthiest, most satisfying experience possible.

Apgar Scale

A scoring system used to assess the physical condition of a newborn immediately after birth, focusing on heart rate, respiration, muscle tone, response to stimulation, and skin coloration.

Newborn

An infant who is within hours, days, or up to a few weeks old, generally considered from birth to 28 days of age.