Which of the following would result if a business purchased Equipment paying a 40% 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