journal entry of purchase furniture on account
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Explanation:
Debit: Office Expense (an expense account), Credit: Cash (or Accounts Payable). If the cost of the purchased furniture is a significant amount (say $10,000, for example), the proper entry would be: Debit: Office Furniture (an asset account), Credit: Cash (or Accounts Payable).
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Answer:
purchase furniture / account payable
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