Multiple Choice
The purchase of equipment,involving a cash down payment and a promise to pay the balance in the future,includes:
A) a debit to Cash and a credit to Equipment.
B) a debit to Note Payable and a credit to Cash.
C) a credit to Cash and a credit to Accounts Payable.
D) a debit to Cash and a debit to Note Payable.
Correct Answer:
Verified
Correct Answer:
Verified
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