How would the receipt of a $62 refund for supplies returned be recorded in a general journal?
Question:
How would the receipt of a $62 refund for supplies returned be recorded in a general journal? The supplies were paid for with cash.
a. Debit Cash, credit Accounts Payable
b. Debit Supplies, credit Cash
c. Debit Accounts Payable, credit Supplies
d. Debit Cash, credit Supplies
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d De bit Cash credit Supp lies When supplies a...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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