kendradc1 kendradc1

07-03-2019
Business

contestada

On a summary of transactions, May 1 my columns are cash, accounts receivable, land, accounts payable, capital stock, and retained earnings. On May 31 I placed an order for new equipment expected to cost $120,000. Do I add a equipment column, or use the account receivable column?

Respuesta :

chasemefisher chasemefisher

07-03-2019

If you're expecting to pay money it should be in accounts payable and in new equipment to balance the transaction. So yes, add an equipment column.

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