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The journal entry to record purchase of ...

The journal entry to record purchase of equipment for 2,00,000 cash and a balance of 8,00,000 due in 30 days include:

A

Debit equipment for 2,00,000 and Credit cash 2,00,000.

B

Debit equipment for 10,00,000 and Credit cash 2,00,000 and creditors 8,00,000.

C

Debit equipment 2,00,000 and Credit debtors 8,00,000

D

Debit equipment 10,00,000 and Credit cash 10,00,000.

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