A purchase of supplies, to be used over several months, on credit is recorded with a

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When purchasing supplies on credit, it means that the company is receiving the supplies now but will pay for them later. This creates a liability for the company, which is recorded as an increase to Accounts Payable (crediting Accounts Payable). There is no impact to the supplies account yet, as the supplies have not yet been used or received.

A Purchase of Supplies, to Be Used Over Several Months