QUESTION 11 Select the correct Journal entry for the following transaction: Verizon Corporation purchased new manufacturing equipment for $700,000, paying $200,000 in cash and signing a 5-year note payable for the remai nder. O a. db. Cash $200,000 db. Note Payable $500,000 cr Equipment $700,000 O b. db. Cash $200,000 cr Note Payable $500,000 cr Equipment $700,000 O c. db. Equipment $700,000 Note Payable $500,000 cr Cash $200,000 O d. db. Equipment $700,000 db. Cash $200,000 cr Note Payable $500,000 cr