A company purchased supplies of $8,000 on account. How does this transaction affect the accounting equation? A. Add $8,000 to Supplies and add $8,000 to Notes Payable. B. Add $8,000 to Supplies and add $8,000 to Accounts Payable. C. Add $8,000 to Supplies and subtract $8,000 from Cash. D. Add $8,000 to Supplies Expense and add $8,000 to Notes Payable