Save & Exit 4 1.00 points MC Qu. 49 A company purchased office equipment office

Question

Save & Exit 4 1.00 points MC Qu. 49 A company purchased office equipment office equipment for $24,500 and paid $1470 in sales tax. $550 for instaletion $3.200 for How should the company record this transaction a needed adjustment to the equipment, and $2,600 for supplies shat will be used for periodic routine O Debit Equipment $24.500 debit Repairs and Maintenance Expense for $5.220.dubt Supplies for $2,600 and credit Cash for $32.320 O Debit Equipment for $29,720, debit Supplies for $2,600 and credt Cash for $32.320 hitit turnere er osno, oot hepse, und trtenance Eperse S3750, debit Supples for S2000, and credit Cash for $3.2.320 O Debit Equipment and credit Cash for $32.320 MCQ" 49 A 50 1 2 3 5

Explanation / Answer

Equipment 29720 =24500+1470+550+3200 Supplies 2600          Cash 32320 Option 2 is correct

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