QUESTION 9 Prarie Clinic purchased X-ray equipment for $7,500, paid $2,250 down, with the remainder to...

Transcribed Image Text:

QUESTION 9 Prarie Clinic purchased X-ray equipment for $7,500, paid $2,250 down, with the remainder to be paid later. The correct entry would be O Equipment 2,250 Cash 2,250 O Cash Accounts Payable Equipment O Equipment Expense Accounts Payable 2,250 5,250 7,500 7,500 2,250 Cash 5,250 O Equipment Accbunts Payable 7,500 5,250 Cash 2,250 QUESTION 9 Prarie Clinic purchased X-ray equipment for $7,500, paid $2,250 down, with the remainder to be paid later. The correct entry would be O Equipment 2,250 Cash 2,250 O Cash Accounts Payable Equipment O Equipment Expense Accounts Payable 2,250 5,250 7,500 7,500 2,250 Cash 5,250 O Equipment Accbunts Payable 7,500 5,250 Cash 2,250

Answer rating: 100% (QA)

When there is an acquisition of fixed assets the following entries are made 1 When the purchase or a... View the full answer