Which of the following would result if a business purchased Equipment paying a 50% down payment in cash?
A) Equipment would increase and Cash would decrease.
B) Accounts Payable would increase.
C) Since the equipment has not been paid in full, there is nothing to record.
D) Both A and B are correct.

Question

Quizplus · Accepted Answer

Equipment would increase and Cash would decrease, and Accounts Payable would increase.

Which of the Following Would Result If a Business Purchased