Suppose that on January 1 4 , Ralph Lauren Company purchased supplies of $ 4 5 0
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Question:
Suppose that on January Ralph Lauren Company purchased supplies of $ on account. The entry to record the purchase will include
a debit to Supplies Expense and a credit to Accounts Receivable.
a debit to Accounts Receivable and a credit to Supplies.
a debit to Supplies and a credit to Accounts Payable.
a debit to Supplies and a credit to Cash.
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
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