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A Business Purchased Office Supplies of $10,000 on Account

Question 134

Multiple Choice

A business purchased office supplies of $10,000 on account. The business would:


A) debit Accounts Receivable for $10,000 and credit Supplies for $10,000.
B) debit Supplies for $10,000 and credit Cash for $10,000.
C) debit Accounts Payable for $10,000 and credit Supplies for $10,000.
D) debit Supplies for $10,000 and credit Accounts Payable for $10,000.

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