-15 Kingbird Limited purchased equipment for an invoice price of $44,000, terms 2/10, n/30. (a) Record the purchase of the equipment and the subsequent payment, assuming the payment was made within the discount period (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Equipment Accounts Payable (To record purchase of equipment on account) Accounts Payable Debit 44000 44000 Credit 44000 Purchase Discounts 880