This is an example journal entry. This shows equipment being purchased for $1000 cash. The Equipment account is debited, and the Cash account is credited.
May 14, 2026
| Equipment | 1000 | |
| Cash | 1000 |
This is an example journal entry. This shows equipment being purchased for $1000 cash. The Equipment account is debited, and the Cash account is credited.
| Equipment | 1000 | |
| Cash | 1000 |