Math  /  Numbers & Operations

QuestionDo a double "T" account for each.
1. $15,000\$ 15,000 equipment purchased with cash

Studdy Solution
Record the transaction in the "T" accounts:
For the Equipment account: - Debit the Equipment account by \$15,000.
For the Cash account: - Credit the Cash account by \$15,000.
EquipmentDebitCredit$15,000\begin{array}{c|c} \text{Equipment} & \\ \hline \text{Debit} & \text{Credit} \\ \$15,000 & \\ \end{array}
CashDebitCredit$15,000\begin{array}{c|c} \text{Cash} & \\ \hline \text{Debit} & \text{Credit} \\ & \$15,000 \\ \end{array}
The transaction has been recorded in the "T" accounts.

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