The Purchase of Office Equipment at a Cost of $3,600

question 169

Multiple Choice

The purchase of office equipment at a cost of $3,600 with an immediate down payment of $1,000 and agreement to pay the balance within 60 days is recorded by

• A)a debit of $3,600 to Office Equipment,a credit of $1,000 to Cash,and a credit of $2,600 to Accounts Payable.
• B)a debit of $2,600 to Accounts Receivable,a debit of $1,000 to Cash,and a credit of $3,600 to Office Equipment.
• C)a debit of $3,600 to Office Equipment,a credit of $1,000 to Cash,and a credit of $2,600 to Accounts Receivable.
• D)None of these are correct.