A Business Purchases Equipment for $8,000 Cash

question 103

Multiple Choice

A business purchases equipment for $8,000 cash. Which of the following accounts will be debited?

• A)Cash
• B)Accounts Payable
• C)Sandra, Capital
• D)Equipment

---

Definitions:

Experienced Parachutists

Individuals who have completed numerous parachute jumps and possess significant skill and knowledge in parachuting.

Elated

Feeling or expressing great happiness or triumph.

Instinctive Processes

Innate, biologically determined behaviors that organisms are born with, which do not require learning.

Programmed

The state of having been designed or set up according to a predetermined plan or set of instructions, often used in the context of machinery, computers, or behavioral interventions.