Which of the Following Journal Entries Would Be Recorded If $$\begin{array} { | l | r | r | } \hline \text { Cash } & 3,000 & \\\hline \text { Equipment } & & 3,000 \\\hline\end{array}$$

Multiple Choice

Which of the following journal entries would be recorded if a business purchased equipment for $3,000 cash?

A) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 3,000 & \\\hline \text { Equipment } & & 3,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Equipment } & 3,000 & \\\hline \text { Cash } & & 3,000 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 3,000 & \\\hline \text { Accounts payable } & & 3,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Equipment } & 3,000 & \\\hline \text { Accounts payable } & & 3,000 \\\hline\end{array}$$