Transam Service purchased equipment for 2,500. TransAm paid 400 in cash and signed a note for the balance. TransAm debited the Equipment account credited Cash and A credited a liability account for 52,100 debited the retained earnings account for 2,100. further must be done. credited another asset account for 5400

QUESTION 9 TransAm Mail Service purchased equipment for $2,500. TransAm paid $400 in cash and signed a note for the balance. TransAm debited the Equipment account, credited Cash and O A. credited a liability account for $2,100. OB. debited the retained earnings account for $2,100. O c. nothing further must be done. b.credited another asset account for $400