Question 50 General Automotive purchased equipment for $9,000 and paid $2,000 down, with the remainder to be paid later. The correct entry would be Cash 2,000 Accounts Payable 7,000 Equipment 9,000 9,000 Equipment Accounts Payable 7,000 2.000 Cash none of the above Equipment 2,000 Cash 2,000 Equipment Expense 9,000 Accounts Payable 2,000 Cash 7,000