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A company paid cash for equipment in the amount of 17000


A company paid cash for equipment in the amount of $17,000. Prepare the general journal entry.

DEBIT: Cash for $17,000; CREDIT: Equipment for $17,000

DEBIT: Equipment for $17,000; CREDIT: Depreciation expense for $17,000

DEBIT: Equipment for $17,000; CREDIT: Note Payable for $17,000

DEBIT: Equipment for $17,000; CREDIT: Cash for $17,000

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Financial Management: A company paid cash for equipment in the amount of 17000
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