a-company-spends-200-on-greasing-the-gears-of-a-machine-how-should-this-transact

Question

A company spends $200 on greasing the gears of a machine. How should this transaction be recorded?

Accepted Answer

Debit Maintenance Expense $200; Credit Cash $200.

Answer

Debit Cash $200; Credit Maintenance Expense $200.

Answer

Debit Machinery $200; Credit Cash $200.

Answer

Debit Maintenance Expense $200; Credit Accounts Payable $200.

A company spends \$200 on greasing the gears of a machine. How should this transaction be recorded?