The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of

The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of $400 due in 30 days would

FOR MORE CLASSES VISIT www.tutorialoutlet.com The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of $400 due in 30 days would include a a debit to Equipment for $500, a credit to Cash for $100, and a credit to Accounts Payable for $400. b a debit to Equipment for $100 and a credit to Accounts Payable for $400. c debit to Equipment for $500 and a credit to Cash for $500. d a debit to Equipment for $100 and a credit to Cash for $100.

46 (2 points)Unearned revenues are: a Recorded as an asset in the accounting records. b Increases to owners' capital. c Liabilities created when a customer pays in advance for products or services before the revenue is earned. d Revenues that have been earned and received in cash. e Revenues that have been earned but not yet collected in cash.

47 (2 points)The document that is an itemized statement of goods prepared by a vendor listing the customer's name, items sold, sales prices, and terms of the sale is the a Purchase requisition. b Invoice approval. c Invoice. d Purchase order. e Receiving report.