Question

(2) Purchases furniture for 500 in cash​

Answer 1

Explanation:

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Answer 2

Answer:

In journal entry

Furniture account Dr. 500

To cash account. 500

Explanation:

when we purchase furniture

then, furniture increase which is an asset and cash decreases which is also an asset

when...

assets increases= debit

assets decreases= debit

I hope now it's clear dear