Jacob acquired a motor vehicle for business purposes on credit from Waheed for $20000. It had not been entered in Jacob’s accounting records. Which journal entry would rectify this mistake in Jacob’s accounting records?
- Adebit Jacob $20000, credit motor vehicles $20000
- Bdebit motor vehicles $20000, credit Jacob $20000
- Cdebit motor vehicles $20000, credit Waheed $20000
- Ddebit Waheed $20000, credit motor vehicles $20000