Prarie Clinic purchased X-ray equipment for $7,500, paid $2,250 down, with the r

ID: 2595618 • Letter: P

Question

Prarie Clinic purchased X-ray equipment for $7,500, paid $2,250 down, with the remainder to be paid later. The correct entry would be:

Equipment 2,250
Cash 2,250

Cash                             2,250
Accounts Payable        5,250
           Equipment                      7,500

Equipment Expense        7,500
           Accounts Payable           2,250
           Cash                                5,250

Equipment                     7,500
           Accounts Payable           5,250
           Cash                                2,250

Equipment 2,250
Cash 2,250

Cash                             2,250
Accounts Payable        5,250
           Equipment                      7,500

Equipment Expense        7,500
           Accounts Payable           2,250
           Cash                                5,250

Equipment                     7,500
           Accounts Payable           5,250
           Cash                                2,250

Journal:

Equipment a/c..Dr$7500

To cash $2250

To AP $5250

Hence the correct option is D.

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