Brief explanation of the transaction


Below each entry, write a brief explanation of the transaction that might appear in the general journal.

(a) Equipment

10,000

Cash

2,000

Accounts Payable

8,000

(b) Accounts Payable

8,000

Notes Payable

8,000

(c) Notes Payable

8,000

Cash

8,000

 

 

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Finance Basics: Brief explanation of the transaction
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