12 50 1 12 Alkhraj Industries purchased supplies for $1,500. They paid $500 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include a debit to Tan asset account for $1,500, a credit to a liability account for 51000. Which of the following would be the correct way to complete the recording of the transaction credit anasest account for 1500 credit an asset account for S100 creditan ability account for 500 creditan lability account for 51500 13 90