On January 14, Ericsson Industries purchased supplies of $500 on account. The entry to record the purchase will include
A) a debit to Supplies and a credit to Accounts Payable.
B) a debit to Supplies Expense and a credit to Accounts Receivable.
C) a debit to Supplies and a credit to Cash.
D) a debit to Accounts Receivable and a credit to Supplies.
Correct Answer:
Verified
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