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Green's Book Store purchased a new automobile that cost $35,000, made a down payment of $14,000, and signed a note payable for the balance. The

Green's Book Store purchased a new automobile that cost $35,000, made a down payment of $14,000, and signed a note payable for the balance. The entry to record this transaction is

Select one:

A.

Cash 35,000
Automobile 35,000

B.

Automobile 35,000
Notes Payable 21,000
Cash 14,000

C.

Automobile 35,000
Cash 35,000

D.

Cash 21,000
Note Payable 14,000
Automobile 35,000

E.

Automobile 35,000
Cash 21,000
Janfer, Capital 14,000

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