The Purchase of Equipment Involving a Cash Down Payment and a Promise

Multiple Choice

The purchase of equipment involving a cash down payment and a promise to pay the balance in the future would include:

A) a debit to Cash and a credit to Equipment.
B) a debit to Note Payable and a credit to Cash.
C) a credit to Cash and a credit to Note Payable.
D) a debit to Cash and a debit to Note Payable.