Based on the transactions below, identify which journal entry components would need to be recorded. Check all that apply. 1. The company purchases equipment by taking out a loan of $700. 2. The company pays employees $200 for the current period. No prior entries were made. Debit to Salaries Payable O Credit to Salaries Expense Credit to Notes Payable Debit to Notes Payable Debit to Equipment Debit to Cash Debit to Salaries Expense Credit to Cash K