Ask Question
BusinessBusiness
1 January, 07:58

The owner invested personal equipment in the business. To record this transaction, Question 10 options: debit Equipment and credit Accounts Payable. credit Equipment and debit Capital. debit Equipment and credit Capital. debit Accounts Payable and credit Equipment.

+5
Answers (1)
  1. 1 January, 10:10
    0
    Option C

    To record this transaction, debit Equipment and credit Capital.

    Explanation:

    The session owner's equity is the part of the owner in the cumulative assets subsequent acknowledging rights of lenders. It can be observed in the balance sheet of an individual possessor and its value rises by supplementary expenditure and earnings.

    The transaction relates to the expense of the owner in the market. The amount of the owner's equity is enhanced when the owner improves the value of their capital augmentation. Things should be debited and accounts payable has no relationship to the transaction.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The owner invested personal equipment in the business. To record this transaction, Question 10 options: debit Equipment and credit Accounts ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
You decide to take $300 out of your piggy bank at home and place it in the bank. If the reserve requirement is 4 percent, how much can your $300 increase the amount of money in the economy?
Answers (1)
What would most likely happen if Congress decreased taxes and increased spending?
Answers (1)
Causation occurs when: two variables tend to move in the same direction. change in one variable does not cause any change in another variable. two variables tend to move in opposite directions.
Answers (1)
EFT Inc. wants to empower and engage its employees. It has several teams consisting of highly skilled employees, and no one person on these teams has a specifically assigned position.
Answers (1)
Child labor and sweatshops have existed since the Industrial Revolution and even before that. Many products sold today are created in these sweatshops, even though, living in the 21st century, we like to think we are above such practices.
Answers (1)
New Questions in Business
Anyone know these key words? When consumers keep buying the same brand again and again instead of choosing a competitor's brand. The buying and selling of goods and services using computer systems linked to the internet.
Answers (1)
The three main luxury hotels in a major tourist destination keep very close track of their competitors' room pricing, restaurant offerings, tour packages, and special services, such as airport transportation and spa privileges.
Answers (1)
Rayya Co. purchases and installs a machine on January 1, 2018, at a total cost of $151,200. Straight-line depreciation is taken each year for four years assuming a eight-year life and no salvage value.
Answers (1)
Earned value is: Group of answer choices The real budgeted value of the work that has actually been performed to date. The total budget for the project. A cost estimate of the budgeted resources across the project's life cycle.
Answers (1)
Which type of training would be considered vocational training? O training to learn a new hobby O training to prepare for a career O training to improve one's health training to improve relationships
Answers (1)
Home » Business » The owner invested personal equipment in the business. To record this transaction, Question 10 options: debit Equipment and credit Accounts Payable. credit Equipment and debit Capital. debit Equipment and credit Capital.
Sign Up Forgot Password?