16. June 21: The Anderson Photography Studio purchased $325 of photography supplies on credit. The company's accounting system used only the following accounts: Cash, accounts receivable, photography supplies, prepaid rent, accounts payable, common stock, retained earnings, dividends, fees revenue, and telephone expense. Record the Studio's transactions in its general journal. Description Debits Credits A) Photography Supplies $325 Cash $325 Supplies purchase Photography Supplies $325 Common Stock $325 Supplies purchase Photography Supplies $325 Retained Earnings $325 Supplies purchase D) Photography Supplies $325 Accounts Payable $325 Supplies purchase Accounts Payable $325 Photography Supplies $325 Supplies purchase