Indicate which journal entry must be recorded for the following economic event on the exact day of the event: January 15th. Hired a carpenter to improve the look of her exquisite wood box (this will not change the value or the useful life of the box). The work is completed and Johanna paid $300 on January 20th and promised to pay the rest ($700) on February 20th. 1 Dr Equipment Expense and Cr. Accounts Payable $1,000 2 3 4 None of the others alternatives are correct Dr Equipment $1,000 Cr.Cash $300 Cr Equipment Payable $700 Dr Equipment Expense and Cr. Cash $300 Cr. Accounts Payable $700 5 Dr Equipment $1,000 Cr Equipment Payable $1,000