Goodman Co. purchased equipment from Whitmore Inc. for $300,000, paying 20% as a down payment and financing the remainder. The proper journal entry Goodman Co. should record for this event is: Equipment 300,000 Cash 300,000 Equipment 300,000 Cash 60,000 Notes Payable 240,000 Equipment 60,000 Notes Payable 240,000 Equipment 300,000 Equipment 240.000 Cash 60,000 Notes Payable 300,000 O None of the above.