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Accountıng Iı Deneme Sınavı Sorusu #1291003
Accountıng Iı Deneme Sınavı Sorusu #1291003
On 31 April 2017, A company purchased equipment for 200.000 TL. The company issued a note for the amount. The note has 8 months maturity and 10% interest rate, and total interest and principal amount is due on maturity.
Which of the following is true about the first journal entry to be made according to this information?
|
Equipment credited 100.000 |
|
Account Receivable debited 100.000 |
|
Notes Payable credited 100.000 |
|
Short term loan bank credited 100.000 |
|
Interest Expense credited 100.000 |
Yanıt Açıklaması:
When the first journal entry to record the purchase of equipment, equipment 100 will be debited, account payable 100 will be credited.
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