Prarie Clinic purchased X-ray equipment for $4,000, paid $1,275 down, with the remainder to be paid later. The correct entry would be Question 14 options: 1) Equipment 1,275 Cash 1,275 2) Cash 1,275 Accounts Payable 2,725 Equipment 4,000 3) Equipment Expense 4,000 Accounts Payable 1,275 Cash 2,725 4) Equipment 4,000 Accounts Payable 2,725 Cash 1,275