On June 1, Oxford Company purchased $8,000 of office equipment from Comma Company. Oxford Company paid $2,000 in cash, and it signed a 6-month, 10% note payable for the remaining balance. How would Oxford Company record this transaction on June 1? (which entry is correct?)

A. Cash 2,000

Equipment 8,000

Notes Payable 6,000

B. Equipment 8,000

Cash 2,000

Notes Payable 6,000

C. Cash 2,000

Equipment 8,000

Notes Payable 10,000

D. Notes Payable 6,000

Cash 2,000

Equipment 8,000

E. Notes Receivable 8,000

Equipment 6,000

Cash 2,000

Group of answer choices