Equipment is purchased on credit for $12 000 plus GST. The general journal entry to record this transaction is which of the following?

			$	$
			DR	CR
I.	Equipment		12 000
		Accounts payable		12 000
II.	Equipment		10 909
	GST receivable		1 091
		Accounts payable		12 000
III.	Equity		12 000
	GST receivable		1 200
		Accounts payable		13 200
IV.	Equipment		12 000
	GST receivable		1 200
		Accounts payable		13 200