The transaction: Recieved Invoice 5495 for @2,375 microcomputer stystem, for office use, bought on account from T & N School Equipment. I have the debit which is the T & N School Equipment I believe. I cant figure out what the credit is. Can someone help me??
These are the other accounts:
Assets-
Cash in bank
A/R Carla DiSario
A/R George McGarty
Office Supplies
Office Equip.
Instructional Equip
Liab.
A/P Education Software
A/P T & N school equip
Owners Equity
Jennifer Rachael, Capital
Jennifer Rachael, W/D
Income Summary
Revenue
Group lesson fees
Private lesson fees
Expenses
Maintenance expence
Misc. expense
Rent expense
Utilities expense
I only need the debit & the credit for it && I know one of them are the T&N School Equip.
Can someone please help with this transaction?
2007-01-03 07:13:33 · 4 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
A/P T & N school equip
Unless it says that it has been paid for in cash, it would be an account payable to T&N.
Debit Equipment and Credit A/P
2007-01-03 07:17:00 · answer #1 · answered by theeconomicsguy 5 · 0⤊ 0⤋
Office equipment
2007-01-03 07:16:32 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋
he's involved, yet he isn't confident a thank you to proceed. Are you giving him signs and indicators which you like him, too? Why do no longer you advise unbelievable out and notice if he desires to or ask for his telephone variety in case you have a calc question you could not be sure. That way the stress is off and he can understand which you will call him for help and then do. adult adult males get scared and irritating too.
2016-11-26 01:06:28 · answer #3 · answered by ? 4 · 0⤊ 0⤋
A/P T & N school equip would be the credit since it was acquired on account, it's a liability.
2007-01-03 07:20:08 · answer #4 · answered by enelra777 1 · 0⤊ 0⤋