Kizspy | Question: 5
(Choose 1 answer)
(1198)
Textron Stores purchased a van that cost $35,000. The firm made a payment of $5,000 cash and
the balance on credit. Show the general journal entry to record this transaction.
A. Debit Cash $5,000
Debit Account payable $30,000
Credit Van $35,000
B. Debit Van $30,000
Credit Account payable $30,000
Credit van $ 35,000
C. Debit Van $ 5,000
Credit Cash $5,000
D. Debit Van $35,000
Credit Cash $5,000
Credit Account payable $30,000
