The price paid for the purchase of for the purchase of a business is
-
A.
debited to the cash account and credited to the vendor’s account -
B.
credited to the cash account and debited to the vendor’s account -
C.
credited to the business purchases account and debited to the assets account -
D.
debited to the business purchase account and credited to the assets account -
E.
credited to the cash account and debited to the assets account