A company purchased office equipment for $49,000 and paid $2,940 in sales tax on the equipment, $1,100 for installation, $6,400 for a needed adjustment to the equipment, and $5,200 for supplies that will be used for periodic routine maintenance. How should the company record this transaction?

A) Debit Equipment $49,000, debit Repairs and Maintenance Expense for $10,440, debit Supplies for $5,200, and credit Cash for $64,640

B) Debit Equipment for $59,440, debit Supplies for $5,200, and credit Cash for $64,640

C) Debit Equipment for $51,940, debit Repairs and Maintenance Expense $7,500, debit Supplies for $5,200, and credit Cash for $64,640

D) Debit Equipment and credit Cash for $64,640