Answer:
The correct choice is option D: Equipment is debited, Accounts payable is credited.
Explanation:
When we purchase items on account or credit, there will be the occurrence of accounts payable.
In the case of purchase of equipment on account, debit what comes in i.e. equipment, and credit accounts payable.
Thus, in the case of credit purchase, equipment a/c would be debited while accounts payable a/c would be credited.
Wrong options:
Option a: Accounts payable would not be debited but the equipment.
Option b: Accounts payable would not be debited but the equipment.
Option c: Cash a/c would not be credited but the accounts payable.
Option e: Cash a/c would not be credited but the accounts payable.
112. Which of the following entries records the acquisition of office supplies on account?A.Office Supplies, debit; Cash, creditB.Cash, debit; Office Supplies, creditC.Office Supplies, debit; Accounts Payable, creditD.Accounts Receivable, debit; Office Supplies, credit113. Which of the following entries records the payment of rent for the current month?A.Cash, debit; Rent Expense, creditB.Rent Expense, debit; Cash, creditC.Rent Expense, debit; Accounts Receivable, creditD.Accounts Payable, debit; Rent Expense, credit114. Which of the following entries records the receipt of cash from patients on account?A.Accounts Payable, debit; Fees Earned, creditB.Accounts Receivable, debit; Fees Earned, creditC.Accounts Receivable, debit; Cash, creditD.Cash, debit; Accounts Receivable, credit115. Which of the following entries records the collection of cash from cash customers?A.Fees Earned, debit; Cash, creditB.Fees Earned, debit; Accounts Receivable, creditC.Cash, debit; Fees Earned, creditD.Accounts Receivable, debit; Fees Earned, credit
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