A Business Purchases Equipment by Paying $6,081 in Cash and Issuing

Multiple Choice

A business purchases equipment by paying $6,081 in cash and issuing a note payable of $12,291.Which of the following occurs?

A) Cash is credited for $6,081,Equipment is credited for $18,372,and Notes Payable is debited for $12,291.
B) Cash is credited for $6,081,Equipment is debited for $18,372,and Notes Payable is credited for $12,291.
C) Cash is debited for $6,081,Equipment is debited for $12,291,and Notes Payable is credited for $18,372.
D) Cash is debited for $6,081,Equipment is credited for $12,291,and Notes Payable is debited for $6,210.