Martin\'s. Mail Service purchased equipment for $2,500. Martin paid $500 in a ca

Question

Martin's.
Mail Service purchased equipment for $2,500. Martin paid $500 in a cash and signed a note for the balance. Martin debited the Equipment account, credited cash and
A) nothing further must be done
B) debited the Martin, capital account for $2000
C) credited another asset account for $500
D) credited a liability account for $2000

Please just answer "A" "B" "C" or "D". I am only giving 5 stars to those who give me a CORRECT answer. If you give me a wrong answer I will rate you 1 star and report you.

Explanation / Answer

D) credited a liability account for $2000

as solved by my teacher

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