Equipment was purchased for $1,000 with a cash down payment of $100 and a charge to accounts payable for the balance. This entry would require a debit to Equipment for $1,000 and a credit to:
a. Cash for $100 and Accounts Payable for $900.
b. Cash for $900 and Accounts Payable for $100.
c. Equipment for $100 and Notes Payable for $900.
d. Notes Payable for $900 and Capital for $100.
e. Capital for $900 and Cash for $100.
a
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