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Sternberg Company purchases equipment for $1,200 and supplies for $400 from Tran Co. for $1,600 cash. The entry for this transaction will include a debit
Sternberg Company purchases equipment for $1,200 and supplies for $400 from Tran Co. for $1,600 cash. The entry for this transaction will include a
| debit to Equipment $1,200 and a debit to Supplies $400 for Sternberg. |
| credit to Cash for Tran. |
| debit to Equipment $1,200 and a debit to Supplies Expense $400 for Tran. |
| credit to Accounts Payable for Sternberg. |
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