Question: This is a multiple answer question. 4 points In November 2 0 2 5 , Gotta Company paid $ 5 , 0 0 0 to

 This is a multiple answer question. 4 points In November 2025,

This is a multiple answer question.
4 points
In November 2025, Gotta Company paid $5,000 to a supplier on account. The bookkeeper made the following entry: DR Supplies expense $5,000; CR Cash $5,000. Before the books were closed in 2025, the Accounts Payable clerk discovered the mistake. When the correcting entry is made, which componerts will be included? (Choose all that apply)
A credit accounts receivable $5,000
8. debit accounts payable $5,000
C. credit supplies expense $5,000
D. debit supplies expense $5,000
E. debit cash $5,000.
Gotta Company paid $5,000 to a supplier on account. The bookkeeper made

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!