Mother Hips Garment Company purchased equipment on June 1 for $90,000, paying $20,000 cash and signing a 9%,2-month note for the remaining balance. The equipment is depreciated at the rate of $18,000 per year. Mother Hips Garment Company prepares monthly financial statements. (a) Prepare the general journal entry to record the acquisition of the equipment on June -1st. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the occount titles and enter o for the amounts.)