A team bought P65,000 worth of delivery tractor to ANZAC she gave P15,000 down payment and issued a P3,000 promissory note and promised to pay the balanced in 30 days . A.Debit-Purchases Debit-cash Credit-Accounts Payable B.Debit-Purchases Credit Cash C.Debit-Purchases Credit-Accounts Payable Credit-Cash D.none of the above
Answer:
Debit- purchase
Credit cash
Credit account payable
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