QUESTION 41 A business purchases equipment by paying $7517 in cash and issuing a note payable of $19,410. Which of the following occurs? O Cash is debited for $7517, Equipment is credited for $19,410, and Notes Payable is debited for $11,893. O Cash is credited for $7517, Equipment is credited for $26,927, and Notes Payable is debited for $19,410. Cash is debited for $7517, Equipment is debited for $19,410, and Notes Payable is credited for $26,927. Cash is credited for $7517, Equipment is debited for $26,927, and Notes Payable is credited for $19,410.

A business purchases equipment by paying $7517 in cash and issuing a note payable of $19,410. Which of the following occurs? Cash is debited for $7517, Equipment is credited for $19,410, and Notes Payable is debited for $11,893 Cash is credited for $7517, Equipment is credited for $26,927, and Notes Payable is debited for $19,410. Cash is debited for $7517, Equipment is dobited for $19,410, and Notes Payable is credited for $26,927. Cash is credited for $7517, Equipment is debited for $26,927, and Notes Payable is credited for $19,410