A Company Purchased Office Equipment for $24,500 and Paid $1,470

Multiple Choice

A company purchased office equipment for $24,500 and paid $1,470 in sales tax,$550 for installation,$3,200 for a needed adjustment to the equipment,and $2,600 for supplies that will be used for periodic routine maintenance.How should the company record this transaction?

A) Debit Equipment $24,500,debit Repairs and Maintenance Expense for $5,220,debit Supplies for $2,600,and credit Cash for $32,320.
B) Debit Equipment for $29,720,debit Supplies for $2,600,and credit Cash for $32,320.
C) Debit Equipment for $25,970,debit Repairs and Maintenance Expense $3,750,debit Supplies for $2,600,and credit Cash for $32,320.
D) Debit Equipment and credit Cash for $32,320.