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A company purchased equipment costing $15,100. They paid $1,090 right away and agreed to pay the balance in 30 days, the journal entry to record
A company purchased equipment costing $15,100. They paid $1,090 right away and agreed to pay the balance in 30 days, the journal entry to record the purchase of equipment would include:
a debit to Equipment for $15,100 and a credit to Cash for $15,100.
a debit to Equipment for $1,090 and a credit to Cash for $1,090.
a debit to Equipment for $14,010 and a credit to Accounts Payable for $14,010.
a debit to Equipment for $15,100, a credit to Cash for $1,090, and a credit to Accounts Payable for $14,010.
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