Which of the following would be used to record the purchase of a new piece of equipment during the period?
A)A journal entry
B)An adjusting entry
C)A closing entry
D)A temporary account

Question

Quizplus · Accepted Answer

A journal entry would be used to record the purchase of a new piece of equipment during the period. Journal entries are used to record day-to-day transactions in the accounting system.

Which of the Following Would Be Used to Record the Purchase