Problem 5 (9 points) We purchased with a piece of equipment with a cost of $20,000 on a note payable for 90 days. The note is an interesting bearing note at a rate of 5% A) What is the journal entry for the purchase of the equipment? Debit Credit 3 4 B) What is the journal entry for the payment of the note payable? Debit Credit 5 6 27 28 29 30 31 32 33 34 135