Martin's Mail Service Purchased Equipment for $3,000

Multiple Choice

Martin's Mail Service purchased equipment for $3,000.Martin paid $500 in cash and signed a note for the balance.Martin debited the Equipment account, credited Cash and

A) nothing further must be done.
B) debited the retained earnings account for $2,500.
C) credited another asset account for $500.
D) credited a liability account for $2,500.