Application Technologies has acquired equipment costing $15,000. The company paid $5,000 and gave a 10-month note for th

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Application Technologies has acquired equipment costing $15,000.
The company paid $5,000 and gave a 10-month note for the balance.
The bookkeeper should:
A. debit Equipment for $15,000, credit Cash for $5,000, and
credit Notes Receivable for $10,000.
B. debit Cash for $5,000, debit Notes Receivable for $10,000,
and credit Equipment for $15,000.
C. debit Equipment for $15,000, credit Cash for $5,000, and
credit Notes Payable for $10,000.
D. debit Cash for $5,000, debit Notes Payable for $10,000, and
credit Equipment for $15,000.
E. debit Equipment for $15,000, debit Cash for $5,000, credit
Notes Payable for $10,000, and credit Paid-in Capital for
$5,000.