On July 1 Gilbert County Bought Computer Equipment for Use

On July 1 Gilbert County bought computer equipment for use in the administrative offices of the County.The equipment has an estimated useful life of three years and salvage of $10,000.Gilbert County has a 6/30 fiscal year-end.Assuming that the County maintains its books and records in a manner that facilitates the preparation of fund financial statements, the $70,000 cost of this equipment would require which of the following entries?

A) Debit Expenditures $70,000; Credit Cash $70,000
B) Debit Equipment $70,000; Credit Cash $70,000
C) Debit Expenses $70,000; Credit Cash $70,000
D) No entry in the General Fund