Which of the Following Journal Entries Would Be Recorded If $$\begin{array} { | l | r | r | } \hline \text { Cash } & 3,000 & \\\hline \text { Equipment } & & 3,000 \\\hline\end{array}$$

question 51

Multiple Choice

Which of the following journal entries would be recorded if a business purchased equipment for $3,000 cash?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 3,000 & \\
• \hline \text { Equipment } & & 3,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Equipment } & 3,000 & \\
• \hline \text { Cash } & & 3,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 3,000 & \\
• \hline \text { Accounts payable } & & 3,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Equipment } & 3,000 & \\
• \hline \text { Accounts payable } & & 3,000 \\
• \hline
• \end{array}\]

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