Credits a. decrease both assets and liabilities. b. decrease assets and increase liabilities. c. increase both assets and liabilities. d. increase assets and decrease liabilities. On August 13, 2018, Swell Maps Enterprises purchased equipment for $1,300 and supplies of $200 on account. Which of the following journal entries is recorded correctly and in the standard format? a. Equipment 1,300 Account Payable.................. 1,500 200 Supplies.. **************** b. Equipment. Supplies... Accounts Payable.... 1,300 200 1,500 1,500 c. Accounts Payable Equipment.. Supplies 1,300 200 d Equipment Supplies..... Accounts Payable..... 1,300 200 1,500