Bob purchased a new computer for the company on account. The transaction will

A. increase Computer and increase Capital.

B. decrease Cash and increase Accounts Payable.

C. decrease Cash and increase Computer.

D. increase Computer and increase Accounts Payable.

Question

Mina Frost

History

26 January, 10:21

Bob purchased a new computer for the company on account. The transaction will

A. increase Computer and increase Capital.

B. decrease Cash and increase Accounts Payable.

C. decrease Cash and increase Computer.

D. increase Computer and increase Accounts Payable.

+4

Answers (1)

Know the Answer?

Deacon Williamson · Answer 1

The transaction will " D. increase Computer and increase Accounts Payable," since another computer is being added to the company and the bill for it will be sent to "accounts payable" as a company expense.

Bob purchased a new computer for the company on account. The transaction willA. increase Computer and increase Capital.B. decrease Cash and increase Accounts Payable.C. decrease Cash and increase Computer.D. increase Computer and increase Accounts Payable.

Bob purchased a new computer for the company on account. The transaction will

A. increase Computer and increase Capital.

B. decrease Cash and increase Accounts Payable.

C. decrease Cash and increase Computer.

D. increase Computer and increase Accounts Payable.