A company purchased equipment for use in the business at a cost of $12,000, 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:

a.) debit to Equipment of $3,000

b.) debit to Cash of $12,000

c.) credit to Notes Payable of $9,000

d.) debit to Notes Payable of $9,000