QUESTION ANSWER Debit Credit Accounts Which of the following is the correct journal entry for a purchase of equipment for $50,000 cash? 0,000 Ec ment Cash 50,000 Credit Accounts Cash 50,000 Equipment 50,000 Accounts Debit Credit Equipment 50,000 Common Stock 50,000 Debit Credit Accounts Accounts Receivable 50,000 Equipment 50,000