Financial Accounting 1- Chapter 3 21) The general journal entry to record the purchase of an asset on account would include * O A) a debit to Accounts Receivable and a credit to Fees Earned. O B) a debit to Equipment and a credit to Accounts Payable. O C) a debit to Accounts Payable and a credit to Equipment. OD) a debit to Supplies and a credit to Cash