A business purchased supplies for cash. The business will decrease its Cash account and: increase its Supplies account. decrease its Supplies account. increase its Supplies Payable account decrease stockholder's equity by recording Supplies Expense for the amount of the payment. Receiving cash from a customer to pay for a previously recorded account receivable will: increase total assets. have no effect on total assets. decrease liabilities. increase stockholder's equity. In January, Pizza Company bought pizza ingredients on account for $100, with payment due to the supplier in 90 days. The pizza ingredients were used for pizzas made and delivered in January. In which month should Pizza Company record the cost of the pizza ingredients as an expense? February March January April The entry to record the payment of accounts payable: decreases assets. increases expenses. increases liabilities. increases stockholder's equity. When employees work for a company in June but are not paid until July, the June financial statements will include ______ on the: rev: 08_22_2015_QC_CS-20333 Salaries and Wages Payable; balance sheet Prepaid Salaries and Wages; income statement Salaries and Wages Payable; income statement Prepaid Salaries and Wages; balance sheet Expenses include all of the following except: using supplies. making a payment on account. paying for electricity used during the current period. paying wages for production workers for work performed during the current period