On june 1 2009 diane leno buys a copier machine for her, Ask an Expert

Accounting

On June 1, 2009, Diane Leno buys a copier machine for her business and finances this purchase with cash and a note. When journalizing this transaction, she will

a) prepare a simple entry.

b) list the credit entries first, which is proper form for this type of transactions.

c) prepare two journal entries.

d) prepare a compound entry.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M993196

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