Accounting

purchased dental equipment at 15,000 and invested cash of 500,000

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asked by leah
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    I'm assuming you need to journalize these transactions.

    Dr. Equipment $15,000
    Cr. Cash (or Accounts Payable if you're buying on credit) $15,000


    Dr. Cash $500.000
    Cr. Owner's Capital $500,000

    Your debits and credits must always balance in the end. I can show you an easy way to understand and remember how to determine which side to debit and which to credit. Good luck!

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    posted by Roman

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