the moore company purchased $5000 in equipment, paying $1,000 down and charging the balance.

A. the entry to record this transaction includes a debit to equipment for $5,000, a credit to cash for $1,000 and credit to accounts payable for $4,000

B. the assets of the moore company increased by 4000 and the liabilities increased by 4000

C. Both A & B are true.

D. none of above

Answer with detailed explanation