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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
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 Cash 2,250 Accounts Payable 6,250 Equipment 8,500 Ob Equipment 8,500 Accounts Payable Cash 6,250 2,250 Equipment Expense 8,500 Accounts Payable 2,250 Cash 6,250 Equipment Cash 2,250 2,250
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