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Prarie Clinic purchased X-ray equipment for $7,500, paid $2,250 down, with the remainder to be paid later. The correct entry would be: A. Equipment 2,250
Prarie Clinic purchased X-ray equipment for $7,500, paid $2,250 down, with the remainder to be paid later. The correct entry would be:
A. | Equipment 2,250 Cash 2,250 | |
B. | Cash 2,250 Accounts Payable 5,250 Equipment 7,500 | |
C. | Equipment Expense 7,500 Accounts Payable 2,250 Cash 5,250 | |
D. | Equipment 7,500 Accounts Payable 5,250 Cash 2,250 |
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