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Gently Laser Clinic purchased laser equipment for $5,285 and paid $703 down, with the remainder to be paid later. The correct entry would be a.
Gently Laser Clinic purchased laser equipment for $5,285 and paid $703 down, with the remainder to be paid later. The correct entry would be
a.
Account | Debit | Credit |
---|---|---|
Equipment | 5,285 | |
Accounts Payable | 4,582 | |
Cash | 703 |
b.
Account | Debit | Credit |
---|---|---|
Equipment Expense | 5,285 | |
Accounts Payable | 703 | |
Cash | 4,582 |
c.
Account | Debit | Credit |
---|---|---|
Cash | 703 | |
Accounts Payable | 4,582 | |
Equipment | 5,285 |
d.
Account | Debit | Credit |
---|---|---|
Equipment | 703 | |
Cash | 703 |
e.
Account | Debit | Credit |
---|---|---|
Cash | 703 | |
Equipment | 703 |
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