The journal entry to record the purchase of equipment for a $270 cash down payment and a balance of $740 due in 30 days would include Multiple Choice a debit to Equipment for $270 and a credit to Accounts Payable for $740 a debit to Equipment for $270 and a credit to Cash for $270. debit to Equipment for $1,010 and a credit to Cash for $1010 debit to Equipment for $1,010, a credit to Cash for $270, and a credit to Accounts Payable for 5740