Purchasing equipment for $10,000 cash is recorded as:

A) Debit Cash $10,000, credit Equipment $10,000.

B) Debit Equipment $10,000, credit Notes Payable $10,000.

C) Debit Equipment $10,000, credit Cash $10,000.

D) Debit Notes Payable $10,000, credit Equipment $10,000.

Answer: C