If a display rack was purchased for the store, which of the following accounts would be increased?
A) Store Equipment
B) Merchandise Inventory
C) Capital
D) Supplies

Name: If a display rack was purchased for the store, which of the following accounts would be increased? A) Store Equipment B) Merchandise Inventory C) Capital D) Supplies
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Question

Quizplus · Accepted Answer

Store Equipment would be increased because the display rack is a long-term asset used in the operations of the store, not for resale.

If a Display Rack Was Purchased for the Store, Which