Question: Journal Entry for Asset Purchase Prepare a journal entry for the purchase of office supplies on September 30 for $22,450, paying $4,500 cash and the

Journal Entry for Asset Purchase

Prepare a journal entry for the purchase of office supplies on September 30 for $22,450, paying $4,500 cash and the remainder on account. If an amount box does not require an entry, leave it blank.

Sept. 30

Accounts PayableAccounts ReceivableCashOffice EquipmentOffice Supplies

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