A Business Purchases Equipment by Paying $8,000 in Cash and Issuing

A business purchases equipment by paying $8,000 in cash and issuing a note payable of $12,000.Which of the following journal entries would be recorded?

A) $$\begin{array} { | l | r | r | } \hline \text { Equipment } & 20,000 & \\\hline \text { Notes payable } & & 12,000 \\\hline \text { Cash } & & 8,000 \\\hline\end{array}$$
B) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 8,000 & \\\hline \text { Notes payable } & 12,000 & \\\hline \text { Equipment } & & 20,000 \\\hline\end{array}$$
C) $$\begin{array} { | l | r | r | } \hline \text { Cash } & 8,000 & \\\hline \text { Notes payable } & 4,000 & \\\hline \text { Equipment } & & 12,000 \\\hline\end{array}$$
D) $$\begin{array} { | l | r | r | } \hline \text { Equipment } & 8,000 & \\\hline \text { Notes payable } & 4,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}$$