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Sternberg Company Purchases Equipment for $1,200 and Supplies for $400

Question 132

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.

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