The journal entry to record the purchase of equipment for a $140 cash down payment and a balance of $480 due in 30 days would include Multiple Choice debit to Equipment for $620 and a credit to Cash for $620. a debit to Equipment for $140 and a credit to Cash for $140. a debit to Equipment for $620, a credit to Cash for $140, and a credit to Accounts Payable for $480. a debit to Equipment for $140 and a credit to Accounts Payable for $480.
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Home » Business » The journal entry to record the purchase of equipment for a $140 cash down payment and a balance of $480 due in 30 days would include Multiple Choice debit to Equipment for $620 and a credit to Cash for $620.