Prepare a journal entry for the purchase of office equipment on February 19 for $18,500 paying $4,500 cash and the remainder on account

Prepare a journal entry for the purchase of office equipment on February 19 for $18,500 paying $4,500 cash and the remainder on account.

Answer:

Feb. 19 

Office Equipment 18,500

                      Cash 4,500

                      Accounts Payable 14,000