NatCo. purchased $80,000 of equipment for cash. As a result of this transaction, the journal entry is? debit furnishings and equipment $80,000 and credit cash $80,000 debit furnishings and equipment $80,000 and debit cash $80,000 debit cash $80,000 and credit furnishings and equipment $80,000 credit furnishings and equipment $80,000 and credit cash $80,000