Answer: c. Equipment Expense8,500 Accounts Payable2,250 Cash 6,250
Explanation:
From the question, we are informed that Gently Laser Clinic purchased laser equipment for $8,500 and paid $2,250 down, with the remainder to be paid later. The amount to be paid later will b: 8500 - 2250 = 6250
The correct entry would therefore be:
Debit: Equipment A/c $8,500
Credit: To Accounts Payable A/c $6,250
Credit: To Cash A/c $2,250
(The journal entry to record the purchase of equipment)
Therefore, the correct option is C
