A company purchased equipment for use in the business at a cost of $14,000, one-fourth was paid in cash, and the company signed a note for the balance. The journal entry to record this transaction will include a: Multiple Choice debit to Notes Payable of $10.500 debit to Cash of $14,000. credit to Notes Payable of $ debit to Equipment of A company purchased equipment for use in the business at a cost of $14,000, one-fourth was paid in cash, and the company signed a note for the balance. The journal entry to record this transaction will include a: Multiple Choice debit to Notes Payable of $10.500 debit to Cash of $14,000. credit to Notes Payable of $ debit to Equipment of