A journal entry to represent the cash payment of $50 to a supplier on June 1st might look like this for cash accounting -

6/1 Dr. Supplies $50

       Cr. Cash $50

Assume the supplies were delivered on 5/1 ......What would the accrual accounting journal entries look like assuming the supplies are paid for on 6/1?

Answer rating: 100% (QA)

Under accrual accounting the transaction should be record... View the full answer