Question

You record the debit entry for transaction (A) 5/1 in the journal as Date Description Debit Credit

A. May 1 Equipment—Office 690.00
B. May 1 Equipment—Office 690.00
C. May 1 Calculator 690.00
D. May 1 A/P—J. C. Hollings, Inc. 690.00

Answer 1

If you record the debit entry for transaction (A) 5/1 in your journal, the Date Description Debit Credit would be May 1 Equipment—Office 690.00.

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