Which of the Following Is the Appropriate Journal Entry If

question 151

Multiple Choice

Which of the following is the appropriate journal entry if a company purchases equipment costing $100,000 by paying cash of $10,000?

• A)Debit to Cash,debit to Equipment,credit to Notes Payable.
• B)No entry should be made.
• C)Debit to Equipment,credit to Notes Payable,credit to Cash.
• D)Debit to Cash,debit to Notes Payable,credit to Equipment.
• E)Debit to Equipment,debit to Notes Payable,credit to Cash.

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Definitions:

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain; part of the central nervous system.

Foramen Magnum

A large opening at the base of the skull through which the brain connects to the spinal cord.

Medulla Oblongata

The lower portion of the brainstem controlling vital functions such as heartbeat and breathing.

Spinal Cord

The cylindrical bundle of nerve fibers and associated tissue that is connected to the brain and lies within the vertebral canal.