Multiple Choice
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
A) debit to Equipment $1,200 and a debit to Supplies Expense $400 for Tran.
B) credit to Cash for Tran.
C) credit to Accounts Payable for Sternberg.
D) debit to Equipment $1,200 and a debit to Supplies $400 for Sternberg.
Correct Answer:

Verified
Correct Answer:
Verified
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