Single-mode equivalent space-time representations of the acoustic wave propagating in a Biot poroelastic medium have previously been found only for asymptotic cases: In the low frequency regime, where the viscous skin depth is greater than the characteristic pore size, the time domain equivalent is represented with integer order temporal and spatial loss terms, whereas in the high frequency regime, it is represented with fractional order temporal and spatial loss terms. In the current work, a time domain representation in terms of a partial differential equation is proposed for all three wave solutions of the Biot model across all frequencies, and it is derived from the material response function of the Biot poroelastic medium with suitable approximations for the compressional modes and the dynamic permeability. The dynamic permeability in the time domain is represented by a fractional pseudo-differential operator. Optimal correction factors are introduced into the wave equation to compensate for the discrepancies in the compressional wave dispersion and attenuation. Additionally, the method for incorporating the squirt flow mechanism into the wave equation via the Extended Biot poroviscoelastic model is described. The proposed wave equation has a physical basis and satisfies the passivity criterion.