Question Content Area

Apr$\mathrm{.}14$Equipment$15,000$Cash$5,000$Notes Payable$10,000????????????$

Which is the best explanation for this journal entry?

a$.$ Purchased equipment; paid cash of $$5,000,$ with the remainder to be paid in the future.

b$.$ Purchased equipment; paid cash of $$10,000,$ with the remainder to be received in the future.

c$.$ Purchased equipment on account.

d$.$ Purchased equipment with cash.