D is the answer. okkkkkkkkkk
Pete Jackson purchased office equipment costing $3,000 for his business and paid immediately. record this transaction in the accounting equation by: decrease cash, increase equipment.
When using the accounting equation, recording the acquisition of kit for cash would come with a rise to the account and a decrease to the (Cash/Equipment/Supplies) account. What's the right definition of an asset? Business activities change the amounts within the accounting equation.
The purchase of an equipment would only result in a rise in an asset (Equipment) and a decrease in another asset (Cash) within the same amount which might result in the identical total amount of assets, liabilities and equity, and can not affect the fundamental accounting equation.
The formula is straightforward: A company's total assets are adequate to its liabilities plus its shareholders' equity. The accounting equation is also expressed as assets - liabilities = owner's equity.
learn more about Equipment: brainly.com/question/24194507
#SPJ4
I have to say AIDS. Hope this could help. :)
Answer:
The correct answer is (A) True.
Explanation:
Northwestern Mutual Investment Services, LLC products and services are only offered and sold by duly certified and designated entities and financial representatives. Financial representatives may not represent all the entities we show or all the services mentioned on this website. Not all products and services are available in all states.
