please answer 9 and 10 Question Completion Status QUESTION 9

please answer 9 and 10

Question Completion Status: 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 2,250 Accounts Payable 5,250 Equipment 7,500 O Equipment Expense 7,500 Accounts Payable 2.250 Cash 5,250 O Equipment 7,500 Accounts Payable Cash 5,250 2.250 QUESTION 10 1.5 Which of the following entries records the payment of rent for the current month? O Cash, debit; Rent Expense, credit O Rent Expense, debit; Cash, credit O Rent Expense, debit: Accounts Receivable, credit O Accounts Payable, debit: Rent Expense, credit Click Save and Submit to save and submit. Click Save All Answers to save all answers. e All Ans Window

Solution

Question 9

The correct answer is the last option

Equipment A/c Dr $7,500

To Accounts Payable A/c. $5250

To Cash A/c. $2250

When the purchase of fixed assets of Equipment, the down payment of cash should be credit with the cash paid and the balance amount shall be credited with the Accounts Payable. Equipment account will be debuted with the cost of the equipment purchased

Question 10

The answer is “ Rent Expense Debit, Cash Credit “

For the payment of rent , Rent Expense shall be Credited and the cash account shall be credited.