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August 1, 2014

Homework Help: Accounting

Posted by NeNe on Tuesday, January 1, 2013 at 11:14am.

Hi,
When delivery eqipment is purchased on account, the transaction to be recorded by the purchaser inclues debiting:
A: Delivery Equip & crediting AP
B: Delivery Equip & crediting Cash
C: Delivery Expense & crediting AP
D: Delivery Expense & crediting Cash

My answer is D. I'm I correct?

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