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?

Group of answer choices

Debit supplies and credit cash for $1,000

Debit supplies and credit accounts payable for $1,000

Debit inventory and credit accounts receivable for $1,000

Debit supplies and credit accounts receivable for $1,000

Debit inventory and credit cash for $1,000

Debit inventory and credit accounts payable for $1,000