Assume Maria Sanchez, the owner of a new business called RecordLink invested $15000 cash and equipment with a market value of $23000. Assume that RecordLink also took responsibility for an $18000 note payable issued to finance the purchase of equipment. Prepare the journal entry to record Sanchez's investment.
I don't understand how come is not balance...?
Accounting problem
2011-09-14 7:58 pm
回答 (1)
2011-09-17 2:16 pm
✔ 最佳答案
Prepare the journal entry to record Sanchez's investment Cash…………………………..$15,000Equipment…………………….$23,000Capital, RecordLink………………………$38,000 Equipment…………………….$18,000Note Payable………………………………$18,000
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