A Business Purchases Equipment Costing $4,000

Multiple Choice

A business purchases equipment costing $4,000.They pay $1,500 right away and charge the remaining amount.To record this transaction,the business would:

A) Debit Equipment $2,500;Credit Accounts Payable $2,500
B) Debit Equipment $1,500;Credit Cash $1,500
C) Debit Equipment $4,000;Credit Accounts Payable $4,000
D) Debit Equipment $4,000;Credit Cash $1,500 and Credit Accounts Payable $2,500