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Accounting 101 Chapter 1 Questions - Accounting 101 ...

Jun 11, 2017 · Jackson company purchased office equipment costing $3,000 and paid immediately. Record this transaction in the accounting equation by: Decreasing cash; increasing equipment 13. The accounts payable account is a liabilities account. 14. Jackson catering company provided cookies worth $3,000 to the local college. The college paid immediately.…

Accounting 290 Final Exam Guide: Part 3 Octotutor

Jul 20, 2014 · Conway Company purchased merchandise inventory with an invoice price of $9,000 and credit terms of 2/10, n/ 30. What is the net cost of the goods if Conway Company pays within the discount period? $8,820 . Jackson Company recorded the following cash transactions for the year: Paid $ 135,000 for salaries. Paid $60,000 to purchase office equipment.…