Purchased Printer Journal Entry
Bought Printer For Cash / Cheque Or On Account / Credit Journal Entry With The Help Of An Example When a company or corporation purchased a printer for cash or by cheque, for use in the business, then we debit printer account (or Office Equipment Account ) and credit cash or bank account. If the company purchased printer on account or credit, then, printer account, as an asset, is debited and Accounts Payable Account / Sundry Creditors Account is credited. Example: A company purchased a computer printer on account for $500. The entry to record this Business Transaction is shown below: Computer Printer a/c $500 Account...