Answer:
If we add up the debit we got: 260,000 + 116,000 = 376,000
adding the credit we also get the same amount:
260,000 + 116,000 = 376,000
<u><em>the accounting equation will be:</em></u>
Assets 376,000 = Liabilities 116,000 + Equity 260,000
Explanation:
CASH
DEBIT CREDIT
260,000
EQUIPMENT
DEBIT CREDIT
116,000
ACCOUNTS PAYABLE
DEBIT CREDIT
116,000
COMMON STOCK
DBEIT CREDIT
260,000
Answer:
Journal Entry for disposal (or) sale of Truck
Explanation:
- Truck (asset) sold for cash, bank, or on credit {On loss}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
P & L ac ... dr
to Truck ac ... 32000
- Truck (asset) sold for cash, bank, or on credit {On gain}
Cash ac dr (or) Bank ac (or) Debtor ac (Or) ac ... dr
to Truck ac ... 32000
To P & L ac
That isn't true your credit score doesn't impact your driver's license
Percy Gray was focusing on the features of the camera. This would provide the intended output of a subject. Also, it would give versatility on taking pictures. Limited features cannot bring out better photo result. He learned that he would improve if himself gave that he has this kind of camera.