Which of the Following Journal Entries Would Be Recorded If

question 158

Multiple Choice

Which of the following journal entries would be recorded if a business purchases equipment for $2,500 cash and supplies for $450 cash?

• A) \(\begin{array}{|l|r|r|}
• \hline \text { Equipment } & 2,950 \\
• \hline \text { Cash } & & 2,500 \\
• \hline \text { Supplies } & & 450 \\
• \hline
• \end{array}\)
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 2,500 & \\
• \hline \text { Equipment } & 450 & \\
• \hline \text { Accounts receivable } & & 2,950 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | r | r | r | }
• \hline \text { Cash } & 2,950 & \\
• \hline \text { Equipment } & & 2,500 \\
• \hline \text { Supplies } & & 450 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Equipment } & 2,500 & \\
• \hline \text { Supplies } & 450 & \\
• \hline \text { Cash } & & 2,950 \\
• \hline
• \end{array}\]

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