On August 15, 201X, Quincy Company prepared voucher no. 90 to record the purchase of equipment on
Question:
On August 15, 201X, Quincy Company prepared voucher no. 90 to record the purchase of equipment on account for $930. On August 18, Quincy Company decided to pay $930 in two equal installments. (Voucher nos. 91 and 92 were prepared.) Prepare the appropriate journal entries in general journal form for August 15 and 18.
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201X Aug 15 Equipment 9 3 0 ...View the full answer
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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