A company purchased equipment for use in theA company purchased equipment for use in the business at a cost of $$19,500,$ one$-$fifth

was paid in cash, and the company signed a note for the balance. The journal entry to

record this transaction will include a:

$03$:$09$:$41$

Multiple Choice

debit to Equipment of $$3,900.$

credit to Notes Payable of $$15,600.$

debit to Notes Payable of $$15,600.$

debit to Cash of $$19,500.$ business at a cost of $$19,500,$ one$-$fifth was paid in cash, and the company signed a note for the balance. The journal entry to record this transaction will include a: