The Acquisition of a Computer for $1,200,with a Down Payment

question 116

Short Answer

The acquisition of a computer for $1,200,with a down payment of $200 cash and the signing of a $1,000 note payable for the balance,increases both assets and ____________________.

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Definitions:

Ionic

Refers to the chemical bond formed between atoms when electrons are transferred from one atom to another, resulting in positively and negatively charged ions.

Metallic

Relating to or characteristic of metal, including properties such as shiny appearance, conductivity, and malleability.

Intermolecular

Pertaining to forces or interactions occurring between molecules, affecting their physical properties and behaviors.

Halite

A mineral commonly known as rock salt, composed primarily of sodium chloride (NaCl), and typically forms from evaporated seawater.