Question 4 Your business purchased supplies of $1,500 on account. The journal entry to record this transaction is as follows: A. Inventory 1,500 Accounts payable 1,500 B. Accounts payable 1,500 Supplies 1,500 C. Supplies 1,500 Accounts payable 1,500 D. Supplies 1,500 Accounts receivable 1,500