The purchase of equipment is recorded with a debit to the Equipment account.
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Q32: The investment of cash in the business
Q33: The investment of cash in the business
Q34: Purchasing equipment for cash will increase total
Q35: The chart of accounts is the basic
Q36: When cash is invested in the business
Q38: Purchasing supplies on account increases total assets.
Q39: Recording the purchase equipment for cash requires
Q40: An investment of cash by the owner
Q41: The accounting equation could be written as
Q42: The purchase equipment for cash increases total
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