Which of the following journal entries would be recorded if a business purchased equipment

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August 24, 2020
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August 24, 2020

Which of the following journal entries would be recorded if a business purchased equipment

Which of the following journal entries would be recorded if a
business purchased equipment for $2, 500 cash and supplies for $450
cash?

a)
Cash      2,500

Equipment
450
Accounts Receivable
2,950

b)
Equipment
2,950
Cash      2,500

Supplies
450

c)
Cash      2,950

Equipment
2,500

Supplies
450

d)
Equipment
2,500

Supplies
450
Cash      2,950


 

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