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A business purchases equipment by paying $9,043 in cash and issuing a note payable of $13,969. Which of the following occurs? O A. Cash is
A business purchases equipment by paying $9,043 in cash and issuing a note payable of $13,969. Which of the following occurs? O A. Cash is debited for $9,043, Equipment is credited for $13,969, and Notes Payable is debited for $4,926. B. Cash is debited for $9,043, Equipment is debited for $13,969, and Notes Payable is credited for $23,012. C. Cash is credited for $9,043, Equipment is debited for $23,012, and Notes Payable is credited for $13,969. D. Cash is credited for $9,043, Equipment is credited for $23,012, and Notes Payable is debited for $13,969
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