A business purchased equipment by issuing a one-year note payable. The entire amount of the note is due at the end of one year. Recording the transaction requires a/an: a b asset to be debited, a liability to be credited. asset to be debited, capital to be credited. liability to be debited, an asset to be credited. withdrawal account to be debited, an asset to be credited, d Next Page Once you click Next Page you will not be able to change your answer Time left for this assessment