On 1/1/2019, Quitzon Ltd purchases equipment, promising to pay $55,000 on 12/31/2022. The seller is financing the purchase. If Quitzon Lid pursued a loan instead to purchase the equipment, the interest rate charged on the loan would be 9% annually. PART A Step 1- Journal Entry What journal entry will Quitzon Ltd record on 1/1/2019 when the equipment is purchased? Round to the nearest dollar if necessary No soumat Entry recuired