A Business Purchases Equipment by Paying $8,000 in Cash and Issuing

question 92

Multiple Choice

A business purchases equipment by paying $8,000 in cash and issuing a note payable of $12,000.Which of the following journal entries would be recorded?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Equipment } & 20,000 & \\
• \hline \text { Notes payable } & & 12,000 \\
• \hline \text { Cash } & & 8,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 8,000 & \\
• \hline \text { Notes payable } & 12,000 & \\
• \hline \text { Equipment } & & 20,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 8,000 & \\
• \hline \text { Notes payable } & 4,000 & \\
• \hline \text { Equipment } & & 12,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Equipment } & 8,000 & \\
• \hline \text { Notes payable } & 4,000 & \\
• \hline \text { Cash } & & 12,000 \\
• \hline
• \end{array}\]

---

Definitions:

CenteringPregnancy

A model of prenatal care that combines health assessment, education, and support in a group setting to improve pregnancy outcomes.

Prenatal Visits

Medical appointments during pregnancy aimed at monitoring the health of the mother and developing fetus.

Groups

Collections of individuals who come together to form a unit or a team, often with a common goal or purpose.

Father Smokes

A situation where a child's father habitual engages in smoking tobacco, potentially influencing the child's environment and health.