Question

Which journal entry reflects the following transaction?:

BOC bought a $75,000 piece of equipment with cash.


Dr. Inventory 75,000

Cr. Cash 75,000


Dr. Cash 75,000

Cr. Equipment 75,000


Dr. Equipment 75,000

Cr. Cash 75,000


Dr. Prepaid Expense 75,000

Cr. Cash 75,000


Dr. Cash 75,000

Cr. Inventory 75,000

Answer 1

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Cr. Cash 75,000

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Answer 2

Answer:

Dr. Equipment 75,000

Cr. Cash 75,000

Explanation: