A photocopy firm bought photocopy equipment for $2,000 with cash. The entries are:Dr. Photocopy Equipment $2,000Cr. $2,000
Accounts Payable
B. Cash
Check
A photocopy firm purchased office equipment from Hougas Equipment Co. for $5,300, paying $2,300 in cash and agreeing to pay the rest next month. The entries are:Dr. Office Equipment $5,300Cr. Cash $2,300$3,000
Accounts Receivable
B. Accounts payable
C. Notes Payable