The Purchase of Office Equipment at a Cost of $7,600

Multiple Choice

The purchase of office equipment at a cost of $7,600 with an immediate payment of $4,200 and agreement to pay the balance within 60 days is recorded by:

A) A debit of $7,600 to Office Equipment,a debit of $4,200 to Accounts Receivable,and a credit of $3,400 to Accounts Payable.
B) A debit of $7,600 to Office Equipment,a credit of $4,200 to Cash,and a credit of $3,400 to Accounts Receivable.
C) A debit of $3,400 to Accounts Receivable,a debit of $4,200 to Cash,and a credit of $7,600 to Office Equipment.
D) A debit of $7,600 to Office Equipment,a credit of $4,200 to Cash,and a credit of $3,400 to Accounts Payable.