Excel Corporation's financial statements for last month show a $10,000 decrease in cash, a $7,000 increase in notes payable, and a $17,000 increase in equipment, all of which occurred on the same date. Taken collectively, what do these three entries suggest? A : They suggest that Excel purchased a $17,000 piece of equipment by paying $10,000 in cash and taking out a $7,000 loan. B : They suggest that Excel sold a $17,000 piece of equipment for $10,000 and therefore recorded a $7,000 loss. C : They suggest that Excel sold a $10,000 piece of equipment for $17,000 and therefore recorded a $10,000 gain. D : They suggest that Excel purchased a $7,000 piece of equipment but mistakenly recorded a purchase price of $17,000.