QuickBooks Online 7e chapter 4 Sally had completely run out of office supplies at the end of

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Question:

QuickBooks Online 7e chapter 4 Sally had completely run out of office supplies at the end of December so she uses her new Cap- ital Three VISA card to purchase paper, pens, and file folders at Paper Bag Depot. You enter the credit card purchase of $500 using the Expense form. You select the new credit card account you just set up as the Payment account. You select VISA as the payment method and leave the Ref no. blank. You're not sure how long the supplies will last but you're sure they won't all be used in January so you select the Supplies on Hand account in thecategory field (Account 133). You will take an inventory to see how many supplies are on hand at the end of the month. TIP: You will do this in the homework for Chapter 5