The journal entry to record the purchase of supplies on account a. Credits Supplies and debits Accounts
Question:
The journal entry to record the purchase of supplies on account
a. Credits Supplies and debits Accounts Payable.
b. Debits Supplies Expense and credits Supplies.
c. Credits Supplies and debits Cash.
d. Debits Supplies and credits Accounts Payable.
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The answer to this question is option d ie Debit supplies and credit accounts payable Here supplies ...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0134725987
12th edition
Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.
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