a business purchases equipment costing $5,500. they pay $1,500 right away and charge the remaining amount. to record this transaction, the business would:multiple choicedebit equipment $4,000; credit accounts payable $4,000debit equipment $1,500; credit cash $1,500debit equipment $5,500; credit cash $1,500 and credit accounts payable $4,000debit equipment $5,500; credit accounts payable $5,500
