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?