Multiple Choice Question 72 Concord Industries purchased supplies for $930. They paid $390 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include a debit to an asset acount for $930, a credit to a liability account for $540. Which of the following would be the correct way to complete the recording of the transaction? Credit another liability account for $390 O Credit the Capital account for $390. Debit the Capital account for $390. O Credit an asset account for $390