A business paid $58,000 cash to purchase equipment. The businesswould:

A.

debit Equipment for $ 58000 and credit Accounts Payable for $ 58000

B.

debit Accounts Payable for $58,000 and credit Cash for $58,000.

C.

debit Cash for $58,000 and credit Notes Payable for $ 58000

D.

debit Equipment for $ 58000 and credit Cash for $58,000.