Office Equipment Was Purchased for $1,300 on Account from Supplies-For-Less

question 51

Multiple Choice

Office equipment was purchased for $1,300 on account from Supplies-for-Less. The journal entry would include a:

• A)debit to Office Equipment and a credit to Cash.
• B)credit to Cash and a debit to Office Equipment Expense.
• C)debit to Office Equipment and a credit to Accounts Payable.
• D)debit to Accounts Payable and a credit to Cash.

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Definitions:

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Prediction Interval

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.

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Sales

The act of trading a good for monetary compensation; the process of making a sale.