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April 14 Equipment 15,000 Cash 5,000 Note Payable 10,000 ????????????. Which is the best explanation for this journal entry? Select one: a. Purchased equipment on
April | 14 | Equipment |
| 15,000 |
|
|
| Cash |
|
| 5,000 |
|
| Note Payable |
|
| 10,000 |
|
| ????????????. |
|
|
|
Which is the best explanation for this journal entry?
Select one:
a. Purchased equipment on account.
b. Purchased equipment; paid cash of $5,000, with the remainder to be paid in the future.
c. Purchased equipment; paid cash of $10,000, with the remainder to be received in the future.
d. Purchased equipment with cash.
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