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Gently Laser Clinic purchased laser equipment for $8,500 and paid $2,250 down, with the remainder to be paid later. The correct entry would be Oa.
Gently Laser Clinic purchased laser equipment for $8,500 and paid $2,250 down, with the remainder to be paid later. The correct entry would be Oa. Equipment 8,500 Accounts Payable 6,250 Cash 2,250 Ob. Equipment 2,250 Cash 2,250 Oc. Cash 2,250 6,250 Accounts Payable 8,500 Equipment Od. Equipment Expense 8,500 2,250 Accounts Payable 6,250 Cash
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