Debit

Debit What is the debit and credit in this transaction Acquired computer equipment costing 75000 paying cash of 25000 and issued a note for balance.?
What is the debit and credit in this transaction Acquired computer equipment costing 75000 paying cash of 25000 and issued a note for balance.?
Is paying for equipment a debit or credit? The equipment is a fixed asset, so you would add the cost of the equipment as a debit of $15,000 to your fi...