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Journal entry

A company buys equipment for $5,000 cash. Record the journal entry.

  1. 1

    Equipment is an asset that increases, so debit it.

  2. 2

    Cash is an asset that decreases, so credit it.

  3. 3
    AccountDebitCredit
    Equipment5,000
    Cash5,000
Debits = Credits

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  2. 02

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Journal entry helperComing soon · debits and credits
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