A Business Purchases Equipment for $8,000 Cash

question 40

Multiple Choice

A business purchases equipment for $8,000 cash.Which of the following accounts is debited?

• A)Cash
• B)Accounts Payable
• C)Owner,Capital
• D)Equipment

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Definitions:

Trapped Child

A situation where a child is physically caught or emotionally feels incapable of escaping from a detrimental environment or circumstance.

Family Vacation

A leisure trip taken by family members together with the aim of relaxation, recreation, or bonding.

Similarity Manipulation

A technique used to alter or influence perceptions of similarity between subjects in psychological or market research studies.

Confederate

An individual who is part of a group with a common cause or goal, often used in the context of experimental research to describe a person who is secretly working with the experimenter.