An accountant has debited the machinery account for $1,200 and credited the trade payable account for $500. What can be done to complete the recording of the transaction?
Credit sales of goods were made for $1,000. The double-entry for the
Quick Mail Service purchased equipment for $2,000. Quick Mail services paid $400 in cash and signed an agreement for the balance. Quick Mail Services debited the Equipment account, credited Cash in Hand account and
When an owner makes a withdrawal