The General Journal Entry to Record the Purchase of an Asset

Multiple Choice

The general journal entry to record the purchase of an asset on account would include

A) a debit to Accounts Receivable and a credit to Fees Earned.
B) a debit to Equipment and a credit to Accounts Payable.
C) a debit to Accounts Payable and a credit to Equipment.
D) a debit to Supplies and a credit to Cash.