The Pull-lt vending store chain buys new candy machines for $450,000 and pays $50,000 for Installation. One-half of the total cost is paid in cash: the other half is financed. How should the company record this transaction? Multiple Choice Debit equipment for $450,000, debit expenses for $50,000, credit cash for $250,000 and credit notes payable for $250,000 Debit equipment for $500,000, credit cash for $250,000 and credit notes payable for $250,000 Debit cash for $250,000, debit notes payable for $250,000 and credit equipment for $500,000 Debit cash for $250,000, debit notes payable for $250,000 credit equipment for $450,000, and credit expenses for $50,000