The Entry to Record the Purchase of a Machine on Account

question 131

Multiple Choice

The entry to record the purchase of a machine on account that costs $20,000,set-up fees,$1,000,and freight,$500,would be:

• A)debit Machinery $20,000; credit Accounts Payable $20,000.
• B)debit Machinery $21,500; credit Accounts Payable $21,500.
• C)debit Machinery $20,000,debit Expenses $1,500; and credit Accounts Payable $21,500.
• D)debit Machinery $20,500; credit Accounts Payable $20,500.

---

Definitions:

Anatomy

The scientific study of the structure of living organisms, including their systems, organs, and tissues.

Physiology

The study of how the human body and its parts function.

Keratinized

Having become a structure that contains keratin, a protein found in skin, hair, nails, and horns.

Columnar

Shaped like a column.