34 (1 point) A business purchases equipment costing $5,700. They pay $1,200 right away and charge the remaining amount. To record this transaction, the business would: Debit Equipment $4,500; Credit Accounts Payable $4,500 Debit Equipment $1,200; Credit Cash $1,200 O Debit Equipment $5,700; Credit Cash $1,200 and Credit Accounts Payable $4,500 Debit Equipment $5,700; Credit Accounts Payable $5,700