Assume that the chart of accounts for Roth Co. includes the…

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 2, the company purchased equipment on account $15,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (2) as the credit account for the $15,000 amount.  Date Description P.Ref. Debit Credit July 2 (1)   $15,000          (2)     $15,000