Cameron Diaz Corporation Purchased a Computer System for $19,000

question 178

Multiple Choice

Cameron Diaz Corporation purchased a computer system for $19,000. The company paid $4,000 cash and issued a $15,000 note payable for the entire balance. The journal entry to record this transaction includes a ________.

• A) debit to Equipment for $19,000
• B) credit to Accounts Payable for $15,000
• C) debit to Expense for $19,000
• D) credit to Cash for $19,000

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