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Which of the Following Journal Entries Would Be Recorded If

Question 158

Multiple Choice

Which of the following journal entries would be recorded if a business purchases equipment for $2,500 cash and supplies for $450 cash?


A)  Equipment 2,950 Cash 2,500 Supplies 450\begin{array}{|l|r|r|}\hline \text { Equipment } & 2,950 \\\hline \text { Cash } & & 2,500 \\\hline \text { Supplies } & & 450 \\\hline\end{array}
B)  Cash 2,500 Equipment 450 Accounts receivable 2,950\begin{array} { | c | r | r | } \hline \text { Cash } & 2,500 & \\\hline \text { Equipment } & 450 & \\\hline \text { Accounts receivable } & & 2,950 \\\hline\end{array}
C)  Cash 2,950 Equipment 2,500 Supplies 450\begin{array} { | r | r | r | } \hline \text { Cash } & 2,950 & \\\hline \text { Equipment } & & 2,500 \\\hline \text { Supplies } & & 450 \\\hline\end{array}
D)  Equipment 2,500 Supplies 450 Cash 2,950\begin{array} { | l | r | r | } \hline \text { Equipment } & 2,500 & \\\hline \text { Supplies } & 450 & \\\hline \text { Cash } & & 2,950 \\\hline\end{array}

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