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3 years ago

On May 3, what is the balance of the Equipment Office account? A. Debit $5,090 C. Debut $4,400 B. Debit $690 D. Credit $5.090

1 answer:

3 0

Based on the balance on the account and the amount purchased, the balance on the Equipment office account was <u>A. Debit $5,090.</u>

The opening balance for the Equipment office account was $4,400 on May 1.

The store then purchased a calculator for the office on May 1 for $690. This will increase the Equipment office account by the same amount.

The balance would therefore be:

= 4,400 + 690

= $5,090

This balance would be a debit as this is an asset.

In conclusion, option A is correct.

Find out more about debiting assets at brainly.com/question/24164976.

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3 years ago

On May 3, what is the balance of the Equipment Office account? A. Debit $5,090 C. Debut $4,400 B. Debit $690 D. Credit $5.090​

On May 3, what is the balance of the Equipment Office account? A. Debit $5,090 C. Debut $4,400 B. Debit $690 D. Credit $5.090