2. Jason Factory purchased supplies for £1,200. They paid £600 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include a debit to an asset account for £1,200, a credit to a liability account for £600. Which of the following would be the correct way to complete the recording of the transaction? (2.5 Points) Debit the retained earnings account for £600. Credit another liability account for £600. Credit an asset account for £600. Credit the retained earnings account for £600.