Darnell Company purchased $88,000 of computer equipment from Joseph Company. Dar

Question

Darnell Company purchased $88,000 of computer equipment from Joseph Company. Darnell Company paid for the equipment using cash that had been obtained from the initial investment by Donnie Darnell. The transaction involving the computer equipment should be recorded on the accounting records of which of the following entities? a. Joseph Company b. Darnell Company and Darnell stockholders’ personal records c. Joseph Company and Darnell stockholders’ personal records d. Darnell Company and Joseph Company

Explanation / Answer

Answe is opion D

Darnell company and Joseph Company

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