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14- On January 11, XYZ Company paid half of the balance due to Sam Company. Debit cash $10,000 and credit accounts receivable $10,000 Debit accounts

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14- On January 11, XYZ Company paid half of the balance due to Sam Company. Debit cash $10,000 and credit accounts receivable $10,000 Debit accounts payable $20,000 and credit cash $20,000 Debit accounts payable $10,000 and credit cash $10,000 Debit accounts payable $20,000 and credit equipment $20,000 Debit notes payable $10,000 and credit cash $10,000 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

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