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Deerhoof company purchases equitment for $2,700 and supplies for $400 from milkman co for $1,100 cash and signed a note for the remaining amount. The
Deerhoof company purchases equitment for $2,700 and supplies for $400 from milkman co for $1,100 cash and signed a note for the remaining amount. The entry for this transaction will include a:
A) debit to equitment for $2,700 and a debit to supplies expense $400 for milkman
B) debit to equitment for $2,700 and debit to supplies for $400 for deerhoof
C) debit to cash for milkman for $3,100
D) credits to accounts payable for deerhoof
E) debit to equitment $2,700 and a credit to notes payable for $2,000 for deerhoof
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