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Gently Laser Clinic purchased laser equipment for $6,342 and paid $842 down, with the remainder to be paid later. The correct entry would be
Gently Laser Clinic purchased laser equipment for $6,342 and paid $842 down, with the remainder to be paid later. The correct entry would be Oa. Cash Accounts Payable 842 5,500 Equipment 6,342 Ob. Equipment 842 842 Cash Oc. Equipment 6,342 Accounts Payable 5,500 842 Cash Od. Equipment Expense 6,342 Accounts Payable 842 5,500 Cash Oe. Cash 842 842 Equipment
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