The journal entry to record the purchase of equipment for

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The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of $400 due in 30 days would include

A) a debit to Equipment for $100 and a credit to Cash for $100.

B) a debit to Equipment for $500, a credit to Cash for $100, and a credit to Accounts Payable for $400.

C) a debit to Equipment for $100 and a credit to Accounts Payable for $400.

D) debit to Equipment for $500 and a credit to Cash for $500.

Reference no: EM13389442

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