13- On January 4, XYZ Company purchased a machine for $1,700 and supplies (to be used in the following 2 years) for $400 from Milkman Company. Milkman agreed to receive his balance after 30 days. * Debit Equipment $1,700, debit Supplies Expense $400 and credit Accounts Payable $2,100. Debit Equipment $1,700, debit Supplies $400 and credit Accounts Receivable $2,100. Debit Equipment $1,700, debit Supplies $400 and credit Accounts Payable $2,100. Debit Equipment $1,700, debit Current Assets $400 and credit cash $2,100. None of the above Given the following transactions for XYZ Company. Choose the correct journal entry to be recorded by XYZ for each transaction 12- On January 2, XYZ Company purchased an equipment costing $50,000 from Sam Company. On that day, XYZ paid $30,000 to Sam and the balance will be paid next month.* Debit fixed assets $50,000, credit cash $30,000, credit accounts payable $20,000 Debit equipment $50,000, credit cash $30,000, credit notes payable $20,000 Debit equipment $50,000, credit cash $30,000, credit accounts receivable $20,000 Debit equipment $50,000, credit cash $30,000, credit accounts payable $20,000 None of the above