Sheridan Industries purchased supplies for $1300. They paid $430 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 account for $1300, a credit to a liability account for $870. Which of the following would be the correct way to complete the recording of the transaction?

a.Credit another liability account for $430.

b. Credit the Capital account for $430.

c.Credit an asset account for $430.

d. Debit the Capital account for $430.