If the accounting manager reviewed the Equipment account in the general ledger, what types of information might be listed there?

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Review the following excerpt taken from the Walmart consolidated balance sheet as of January 31, 2016. Walmart Stores, Inc. Consolidated Balance Sheet January 31, 2016 (Amounts in millions) Property and Equipment: Property and Equipment (net)………………………………..$110,171 Property Under Capital Leases: Property Under Capital Leases (net) …………………………..$ 6,345 1. When the accountant for Walmart records a purchase of property and equipment, what type of account is debited? If Walmart purchases equipment on credit, what account might be credited? 2. What type of source document might be reflected in the journal entry to record the purchase of equipment? 3. If the accounting manager reviewed the Equipment account in the general ledger, what types of information might be listed there? View Solution:
Review the following excerpt taken from the Walmart consolidated balance