Question 6 4 pts On January 1, Alpha purchased equipment for $70,000, paying $10,000 cash and issuing a 2-year, 6% (annual rate) note for the balance. The equipment has a 6-year life and $10,000 salvage value. Straight-line depreciation is used. The journal entry to record only this transaction is O Debit Equipment 60,000, credit Cash 10,000, credit Notes Payable 50,000 The correct answer is not listed. O Debit Equipment 70,000, credit Cash 10,000, credit Notes Payable 60,000 O Debit Equipment 60,000, debit Cash 10,000, credit Notes Payable 70,000 O Debit Equipment 70,000, credit Cash 60,000, credit Notes Payable 10,000