Crown King Burgers purchased new soda machines for $900,000 and pays $100,000 for installation costs. One-half of the total cost or $500,000 is paid in cash; a note in the amount of $500,000 is signed. How should the company record this transaction? Multiple Choice Debit cash for $500,000, debit Notes Payable for $500,000. credit Equipment for $900,000, and credit Operating Expenses for $100,000 Debit Equipment for $900,000, debit Operating Expenses for $100,000, credit cash for $500,000, and credit Notes Payable for $500,000 Debit Cash for $500,000, debit Notes Payable for $500,000, and credit Equipment for $1,000,000 Debit Equipment for $1.000,000, credit Cash for $500,000, and credit Notes Payable for $500,000