On March 10, One Eleven Music Studio purchases a new student drum kit for $1,500 and receives an invoice from Pearl to be paid within 30 days. The following entry is booked:

a. Debit Equipment 1,500 and credit Accounts Payable 1,500

b. Debit Supplies 1,500 and credit Accounts Payable 1,500

c. Debit Asset 1,500 and credit Cash 1,500

d. Credit Accounts Payable $1,500 and credit Supplies 1,500