QUESTION 11 Consider the following journal entry: Equipment 10,000 Cash 4.000 Note Payable 6.000 Which of the following explanations best describes this journal entry? The company receives $4,000 in cash and $6,000 in notes payable in exchange for selling $10,000 of equipment. The company sells $10,000 of equipment, receives $4,000 in cash, and pays off $6,000 it owes on the equipment. The company buys $10,000 of equipment, pays $4.000 cash, and promises to cancel a debt owed to the company in the amount of $6,000. The company buys $10,000 of equipment, pays cash of $4,000, and signs a note for $6,000