On 1/1, UCF's Bicycle Vending Machine Company purchased on account items costings $1,000 that will be stocked in their vending machines to sell to customers. What journal entry required on 1/1? Debit inventory and credit accounts receivable for $1,000 Debit supplies and credit accounts payable for $1,000 Debit supplies and credit accounts receivable for $1,000 Debit inventory and credit accounts payable for $1,000 Debit inventory and credit cash for $1,000 O Debit supplies and credit cash for $1,000