Answer:
C. Expenditures should be debited for $29,400.
Explanation:
Expenditures are the amount of money used by individuals, businesses, organizations and so on in attaining new inputs, improve old ones or reduce liabilities. It is simply the payments with cash or credit when acquiring goods and services. It is sometimes called consumption or spending. In this scenario, the expenditure is the actual cost of buying the computer which was $29400. Therefore, on entry, regardless of the estimated costs, expenditures should be debited for $29400
