For the following transactions, indicate the account debited and the account credited. (a) Supplies are purchased on account. (b) Cash is received on signing a note payable. (c) Employees are paid salaries in cash.

Chapter 3, Questions #12

For the following transactions, indicate the account debited and the account credited.

(a) Supplies are purchased on account.

(b) Cash is received on signing a note payable.

(c) Employees are paid salaries in cash.


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