Ask Question
29 July, 10:09

If a company purchases equipment costing $4,500 on credit, the effect on the accounting equation would be:

+2
Answers (1)
  1. 29 July, 10:28
    0
    Equipment increase by 4500

    liabilities (accounts payable) increase by 4500
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If a company purchases equipment costing $4,500 on credit, the effect on the accounting equation would be: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers