Prarie Clinic Purchased X-Ray Equipment for $4,000, Paid $1,275 Down

Multiple Choice

Prarie Clinic purchased X-ray equipment for $4,000, paid $1,275 down, with the remainder to be paid later. The correct entry would be

A) Equipment 1,275 Cash 1,275
B) Cash 1,275 Accounts Payable 2,725
Equipment 4,000
C) Equipment Expense 4,000 Accounts Payable 1,275
Cash 2,725
D) Equipment 4,000 Accounts Payable 2,725
Cash 1,275