A company purchased equipment on March 1, 2020 for $78,000. It is estimated that the equipment will have a $6,000 residual value at the end of its 10-year useful life. Using the straight-line method of depreciation. The amount to be recorded as depreciation expense at December 31, 2020 is O $7,200 $7,800 $6,000 $1,200 P Flag question Time left 0:43:30 Arab Corporation issues 2000, 9 years, 10%, $1000 bonds dated January 1, 2020, at 101. The journal entry to record the issuance will show a. debit to Cash for $2009000; credit to Bonds Payable for a $2009000. b. debit to Cash for $2000000; credit to Bonds Payable for a $2000000. c. debit to Bonds Payable for $2020000; credit to Cash for $2020000. d. debit to Cash for $2020000; credit to Bonds Payable for a $2020000