A business purchases equipment costing $8,300. They pay $1,400 right away and charge the remaining amount. To record this transaction, the business would: Multiple Choice O O O O debit Equipment $6,900 and credit Accounts Payable $6,900. debit Equipment $8,300 and credit Accounts Payable $8,300. debit Equipment $1,400 and credit Cash $1,400. debit Equipment $8,300 and credit Cash $1,400 and Credit Accounts Payable $6,900.