The Central City Golf Course, an enterprise fund, purchased a new stove for use in the course's snack shop. The debit for the entry to record the purchase should be to:

Question

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Since a stove is considered to be an equipment, the debit for the entry to record the purchase should be to the Equipment account. Option A (Expenditures) and Option B (Purchases) are not appropriate since the purchase of equipment does not fall under these categories. Option D (General Capital Assets) is also not applicable since this account is used to record the purchase of long-term assets such as land, buildings, and infrastructure.

The Central City Golf Course, an Enterprise Fund, Purchased a New