MBC purchases equipment costing $5,000, paying cash. The journal entry would include A credit to cash of $5.000 A credit to equipment of $5.000 A debit to cash of $5,000 A credit to accounts payable MBC pays $1,000 cash for the current month's rent. The journal entry would include Debit cash $1,000 Credit rent revenuc $1,000 Debit rent expense $1,000 Credit rent expense $1,000