Dr.$.$ Winn decides that the 10−$10-$year−$-$old office furniture and equipment need to be replaced. Dr.$.$ Winn purchased the items for $375,000.$375,000.$ The software and computers also needed to be upgraded at a cost of $50,000$50,000$ each for three computers. Since Dr.$.$ Winn does not have enough cash to pay for these items, he decided to borrow $500,000$500,000$ from his local bank. How would the bank loan be recoded?

a.$.$ As a credit only

b.$.$ As a debit only

c.$.$ As a debit and a credi