Which of the following actions would result in a debit on the financial statements?

Purchasing equipment results in a debit on the financial statements because it represents an increase in assets for the organization. When equipment is acquired, the cost of that equipment is recorded as an asset on the balance sheet, which reflects the value that the organization holds. This entry increases the asset account associated with the equipment, indicating that the company has invested in tangible goods that will contribute to its operations and overall value.

In accounting, a debit usually signifies an increase in asset accounts, while paying off a loan or collecting debts would typically result in a decrease in liabilities or an increase in cash, affecting credit entries instead. Receiving payment from a client would also be a credit entry to increase cash or accounts receivable. Thus, the action of purchasing equipment is distinct in that it directly increases the assets and is correctly accounted for with a debit.