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6 of 17 ABC firm purchases an equipment of JD3,500, paid JD2,000 in cash and the rest is on account. The entry to record the
6 of 17 ABC firm purchases an equipment of JD3,500, paid JD2,000 in cash and the rest is on account. The entry to record the transaction is O Dr. Equipment 3,500 Cr. Cash 2,000 Cr. Account payable 1,500 O Dr. Equipment 3.500 Dr. Cash 2,000 Cr. Accounts payable 1.500 O Dr. Cash 2,000 Dr. Account payable 1.500 Cr. Equipment 3,500 Dr. Equipment 2.000 Cr. Account payable 2.000
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