A Company Purchased Equipment for Use in the Business at a Cost

Multiple Choice

A company purchased equipment for use in the business at a cost of $12,000,one-fourth was paid in cash,and the company signed a note for the balance.The journal entry to record this transaction will include a:

A) debit to Notes Payable of $9,000.
B) debit to Cash of $12,000.
C) credit to Notes Payable of $9,000.
D) debit to Equipment of $3,000.