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The journal entry to record the purchase of equipment for a $210 cash down payment and a balance of $620 due in 30 days would
The journal entry to record the purchase of equipment for a $210 cash down payment and a balance of $620 due in 30 days would include
Multiple Choice:
1. a debit to Equipment for $210 and a credit to Cash for $210.
2. a debit to Equipment for $830, a credit to Cash for $210, and a credit to Accounts Payable for $620.
3. debit to Equipment for $830 and a credit to Cash for $830
4. a debit to Equipment for $210 and a credit to Accounts Payable for $620
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