The purchase of equipment, involving a cash down payment and a promise to pay the...
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Accounting
The purchase of equipment, involving a cash down payment and a promise to pay the balance in the future, includes: c a debit to Cash and a credit to Equipment. c a debit to Note Payable and a credit to Cash. c a credit to Cash and a credit to Accounts Payable
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The purchase of equipment, involving a cash down payment and a promise to pay the balance in the future, includes: c a debit to Cash and a credit to Equipment. c a debit to Note Payable and a credit to Cash. c a credit to Cash and a credit to Accounts Payable 