A business purchases equipment by paying $9,500 in cash and issuing a note payable of $18,500. Which of the following occurs? O A. Cash is debited for $9,500, Equipment is debited for $18,500, and Notes Payable is credited for $28,000. OB. Cash is credited for $9,500, Equipment is credited for $28,000, and Notes Payable is debited for $18,500. OC. Cash is debited for $9,500, Equipment is credited for $18,500, and Notes Payable is debited for $9,000. OD. Cash is credited for $9,500, Equipment is debited for $28,000, and Notes Payable is credited for $18,500