Question

Heaven purchased a new oven and paid cash

		Debit Cash; Credit Equipment-Oven $6,000
		Debit Equipment-Oven; Credit Cash $6,000
		Debit Cash; Credit Capital, Heaven Jones $6,000
		Debit Capital, Heaven Jones; Credit Cash $6,000
		Debit Manufacturing Overhead; Credit Equipment-Oven $6,000
		Debit Equipment-Oven; Credit Manufacturing Overhead $6,000
		Debit Manufacturing Overhead; Credit Cash $6,000
		Debit Cash; Credit Manufacturing Overhead $6,000
		Debit Work In Process Inventory; Credit Cash $6,000
		Debit Cash; Credit Work In Process Inventory $6,000

Answer 1

When heaven purchases a new oven and cash is paid for it, Following journal entry will be made :

Journal

Account Title and Explanation	Debit	Credit
Equipment - Oven	6,000
Cash		6,000

Second option is the correct option.

Since increase in asset is debited, hence, equipment will be debited and decrease in assets is credited, cash will be credited.