Accountancy, asked by harikrishnancp54, 19 days ago

purchased a computer journal entry
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Answers

Answered by alpsadhn81
3

Answer:

To record purchase of computer. The journal entry shows that the company received computer equipment worth $1,200. Cash is decreased by $800, the amount paid. In addition, the company incurred in an obligation to pay $400 after 30 days.

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