A business purchases equipment by paying $8,000 in cash and issuing a note payable of $12,000. Which of the following occurs? A) Cash is credited for $8,000: Equipment is credited for $20,000, and Notes Payable is debited for $12,000 B) Cash is credited for $8,000, Equipment is debited for $20,000, and Notes Payable is credited for $12,000. C) Cash is debited for $8.000, Equipment is debited for $12.000, and Notes Payable is credited for $20,000. D) Cash is debited for $8,000, Equipment is credited for $12,000, and Notes Payable is debited for $4,000. Which of the following accounts decreases with a credit? A) Cash B) Smith, Capital C) Accounts Payable D) Notes Payable