A company purchased equipment costing $15,000.They paid $1,000 right away and agreed to pay the balance in 30 days,the journal entry to record the purchase of equipment would include

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The journal entry to record the purchase of equipment would include a debit to Equipment for $15,000, which represents the cost of the equipment. However, since the company only paid $1,000 up front, they still owe the remaining $14,000, which would be recorded as a credit to Accounts Payable. Additionally, the $1,000 they paid up front would be recorded as a credit to Cash. Therefore, the correct journal entry would be: 
Debit Equipment $15,000
Credit Accounts Payable $14,000
Credit Cash $1,000

A Company Purchased Equipment Costing $15,000