On August 13, 2014, Merrill Enterprises purchased equipment for $1,500 and supplies of $300 on account. Which of the following journal entries is recorded correctly and in the standard format? 
Correct Answer:
Verified
Q71: Accounts maintained within the ledger that appear
Q94: The recording process occurs
A) once a year.
B)
Q95: A journal provides
A) the balances for each
Q97: The final step in the recording process
Q105: The name given to entering transaction data
Q107: The standard form of a journal entry
Q110: The first step in posting involves
A) entering
Q112: The standard format of a journal would
Q116: When only two accounts are required in
Q118: Management could determine the amounts due from
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