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I need help with a transaction for my accounting class. I cant figure out which accout it goes to. Help me? |
The transaction: Recieved Invoice 5495 for @2,375 microcomputer stystem, for office use, bought on account from T & N School Equipment. I have the debit which is the T & N School Equipment I believe. I cant figure out what the credit is. Can someone help me?? A/P T & N school equip Office equipment A/P T & N school equip would be the credit since it was acquired on account, it's a liability. |
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