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1)Sternberg Company purchases equipment for $1,200 and supplies for $400 from Tran Co

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1)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 O credit to Cash for Tran. O debit to Equipment $1,200 and a debit to Supplies Expense $400 for Tran. O credit to Accounts Payable for Sternberg. O debit to Equipment $1,200 and a debit to Supplies $400 for Sternberg.

2)On October 3, Josh Antonio, a carpenter, received a cash payment for services previously billed to a client. Josh paid his telephone bill, and he also bought supplies on credit. For the three transactions, at least one of the entries will include a O credit to Accounts Payable. O debit to Accounts Receivable. O credit to Retained Earnings. O credit to Notes Payable.