Roberts Corporation Purchased Some Equipment by Issuing a $20,000 Non-Interest-Bearing $\quad$

Roberts Corporation purchased some equipment by issuing a $20,000 non-interest-bearing, four-year note when interest rates were 8%. Actuarial information for 8% and four periods follows:
Future amount of 1 $\quad$ $\quad$ 1.360
Present value of 1 $\quad$ $\quad$ $\quad$ 0.735
In the entry to record this purchase, there would be a

A) $20,000 debit to Equipment.
B) $5,300.00 credit to Discount on Notes Payable.
C) $27,210.88 credit to Notes Payable.
D) $14,700.00 debit to Equipment.