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Mailers Manufacturing,acquired Equipment for $19,000

Question 46

Multiple Choice

Mailers Manufacturing,acquired equipment for $19,000.Mailers Manufacturing,paid $6,000 in cash,with the balance due on a note.The effect of this transaction on Mailers Manufacturing,would be to


A) increase the equipment account by $19,000,decrease the cash account by $6,000 and increase the notes payable account by $13,000.
B) increase the equipment account by $19,000,decrease the cash account by $6,000,and decrease the notes receivable by $13,000.
C) increase the equipment account by $6,000,and decrease the cash account by $6,000.
D) increase the equipment account by $6,000,decrease the cash account by $6,000,and increase the notes payable account by $13,000.
E) increase the equipment account by $19,000,and increase the notes payable account by $6,000.

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