Monsters Inc. pays creditors on account $1,000. What would be the correct journal entry? Debit Supplies $1,000

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Monsters Inc. pays creditors on account $1,000. What would be the correct journal entry?

Debit Supplies $1,000 and Credit Supplies Expense $1,000 Debit Cash $1,000 and Credit Accounts Payable $1,000 Debit Supplies Expense $1,000 and Credit Supplies $1,000 Debit Accounts Payable $1,000 and Credit Cash $1,000.

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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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Posted Date: Mar 25, 2024 02:56 AM

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Monsters Inc. pays creditors on account $1,000. What would be the correct journal entry? Debit Supplies $1,000

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Financial ACCT2

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