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Phast Mail Service purchased equipment for $2,000. Phast paid $500 in cash and signed a note for the balance. Phast debited the Equipment account, credited
Phast Mail Service purchased equipment for $2,000. Phast paid $500 in cash and signed a note for the balance. Phast debited the Equipment account, credited Cash and . Ob. debited the Capital account for $1,500. credited Accounts Payable account for $1,500. debited Cash account for $500 credited Notes Payable account for $1,500. O c. O d
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