Post Utme Coal City University 2020 Accounting Question 1
Practice objective / multiple choice question 1 from the 2020 Post Utme Coal City University Accounting examination.
A company uses the double-entry system of accounting. The following transactions occurred during the month of January: Debit: Cash 1,000, Accounts Payable 2,000, Equipment 3,000 Credit: Accounts Receivable 4,000, Common Stock 5,000, Retained Earnings 6,000 What is the correct journal entry for the purchase of equipment?
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About This Question
This is Post Utme Coal City University 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.
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