Which of the Following Is the Appropriate Journal Entry If

question 151

Multiple Choice

Which of the following is the appropriate journal entry if a company purchases equipment costing $100,000 by paying cash of $10,000?

• A)Debit to Cash,debit to Equipment,credit to Notes Payable.
• B)No entry should be made.
• C)Debit to Equipment,credit to Notes Payable,credit to Cash.
• D)Debit to Cash,debit to Notes Payable,credit to Equipment.
• E)Debit to Equipment,debit to Notes Payable,credit to Cash.

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Definitions:

P < 0.05

Indicates a probability of less than 5% that the observed results occurred by chance, suggesting statistical significance in hypothesis testing.

Nonparametric Statistical Test

A type of statistical test that does not assume an underlying distribution for the data, often used when data do not meet the assumptions required for parametric tests.

Research Situation

The specific contextual framework or setting in which a study or scientific inquiry is conducted.

One-sample Chi-square

A statistical test that assesses the goodness-of-fit between observed frequencies and expected frequencies in one categorical variable.