A Business Sold Equipment for $44,900 Cash

question 143

Multiple Choice

A business sold equipment for $44,900 cash.The equipment was purchased one month earlier for $44,900 but the plans for the equipment changed.

• A)Debit Equipment for $44,900 and credit Cash for $44,900.
• B)Debit Equipment for $44,900 and credit Retained Earnings for $44,900.
• C)Debit Cash for $44,900 and credit Equipment for $44,900.
• D)Debit Retained Earnings for $44,900 and credit Equipment for $44,900.

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Definitions:

Same-Sex Playmates

A phenomenon where children often show preferences for playing with peers of the same gender, affecting socialization and development.

Emotional Support

Assistance provided through empathy, concern, encouragement, and companionship that helps individuals cope with stress or emotional challenges.

Perfect

Describes a state or condition that is flawlessly excellent, complete, and lacking in no essential detail.

Self-Confident

Possessing assurance in one’s own abilities, qualities, and judgment, often leading to greater assertiveness and resilience.