prairie clinic purchased xray equipment for 7500 paid 2250 d

prairie clinic purchased x-ray equipment for $7,500, paid $2,250 down, with the remainder to be paid later. the correct entry would be.

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 Cash 2,250 5,250 O Equipment 7,500 Accbunts Payable 5,250 Cash 2,250

Solution

Option D

The journal entry for the given question would be

Equipment $7,500(Debit)

Accounts Payable $5,250(Credit)

Cash $2,250(Credit)