Remaining Time: 1 hour, 28 minutes, 35 seconds. Question Completion Status: Question 28 of 91 > >> A Moving to another question will save this response. 3.7 points Save Answer Cougar Corp. purchased equipment for $100,000. Sales tax on the equipment was $7,500. Shipping on the equipment was $5,000. Installation cost on the equipment was $3,000. What is the best journal entry for the purchase of the equipment? Debit Equipment 100,000; Credit Cash 100,000 Debit Equipment 107,500; Credit Cash 107,500 Debit Equipment 112,500; Credit Cash 112,500 Debit Equipment 115,500; Credit Cash 115,500 Question 28 of 91 > Montanathecosind his 100 QWER tab