Mrs. Gupta purchased Furniture with cash for $20,000 and took an Equipment loan for $10,000 to purchase Equipment. Journalize the transaction. O A. Debit Furniture $30,000; Credit Furniture $20,000; Credit Equipment Loan $10,000 OB. Debit Furniture $20,000; Debit Equipment $10,000; Credit Cash $20,000; Credit Equipment Lom $10,000 O C. Debit Loan $30,000; Credit Equipment Loan $30,000 O D. None of the above Mrs Cunto purchased insurance in advance for $2.400 for 12 months Record adjusting