A business purchases equipment by paying $8,000 in cash and issuing a note payable of $12,000. Which of the following occurs?（ ）。

A、Cash is credited for $8,000; Equipment is credited for $20,000; and Notes Payable is debited for $12,000.
B、Cash is credited for $8,000; Equipment is debited for $20,000; and Notes Payable is credited for $12,000.
C、Cash is debited for $8,000; Equipment is debited for $12,000; and Notes Payable is credited for $20,000.
D、Cash is debited for $8,000; Equipment is credited for $12,000; and Notes Payable is debited for $4,000.