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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Financial Accounting Tools for business decision making
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
ISBN: 978-0470534779