purchased a table for the owner ...journal entry
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Answer:
purchase account debit Tu to cash account credit
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Answer:
Mr Bank purchased furniture in cash.
A: The journal entry is as follows:
Debit Furniture
Credit Cash/bank
The furniture is an asset. Because assets occur and increase on the left side, this is debited.
The cash is also an asset. Since assets decrease on the opposite side, the right side, we credit the cash/bank.
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