A business purchased office supplies of $29,000 by signing a note. The business would:
A) debit Supplies for $29,000 and credit Accounts Payable for $29,000.
B) debit Supplies for $29,000 and credit Notes Payable for $29,000.
C) debit Notes Receivable for $29,000 and credit Supplies for $29,000.
D) debit Notes Payable for $29,000 and credit Supplies Expense for $29,000.
Correct Answer:
Verified
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