Renzi's Volleyball Gym purchased equipment for $1,200. It made a down payment of $600 with the remainder on account. The journal entry to record this transaction is:
A) 
B) 
C) 
D) 
Correct Answer:
Verified
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A)owner's equity decreases.
B)owner's equity increases.
C)Cash
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Q28: A calendar year is
A) any 12-month period
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Q124: The trial balance lists the accounts
A) alphabetically.
B)
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