The Purchase of Office Equipment at a Cost of $7,600

question 30

Multiple Choice

The purchase of office equipment at a cost of $7,600 with an immediate payment of $4,200 and agreement to pay the balance within 60 days is recorded by:

• A)A debit of $7,600 to Office Equipment,a debit of $4,200 to Accounts Receivable,and a credit of $3,400 to Accounts Payable.
• B)A debit of $7,600 to Office Equipment,a credit of $4,200 to Cash,and a credit of $3,400 to Accounts Receivable.
• C)A debit of $3,400 to Accounts Receivable,a debit of $4,200 to Cash,and a credit of $7,600 to Office Equipment.
• D)A debit of $7,600 to Office Equipment,a credit of $4,200 to Cash,and a credit of $3,400 to Accounts Payable.

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Definitions:

Liver Cells

Also known as hepatocytes, they are the main cells of the liver and play a vital role in metabolism, detoxification, and protein synthesis.

Endoplasmic Reticulum

A network of membranes within the cell, involved in protein and lipid synthesis.

Ribosomes

Cellular organelles responsible for protein synthesis, found in the cytoplasm and on the endoplasmic reticulum.

Golgi Apparatus

A cellular organelle that modifies, sorts, and packages proteins and lipids for secretion or delivery to other organelles.