Made credit purchases of used office equipment for $4,300 and office supplies for $700. What will be a journal entry?

Select one:

1. Debit Assets $5,000; Credit Liabilities $5,000 2. Debit Assets $5,000; Credit Accounts Payable $5,000 3. Debit Office Equipment $4,300; Debit Office Supplies $700; Credit Accounts Payable $5,000 4. Debit Office Equipment $4,300; Debit Office Supplies $700; Credit Cash $5,000