Which of the following journal entries would be recorded if a business purchased $800 of office supplies on account?

Question

Quizplus · Accepted Answer

Since the business purchased the office supplies on account, it means that the business owes money to the supplier. Therefore, the accounts payable account needs to be credited (to increase the liability) and the office supplies account needs to be debited (to increase the asset). Option B correctly reflects these entries. Option A is incorrect because it debits accounts payable which is not correct. Option C is incorrect because it debits cash which is not correct. Option D is incorrect because it credits cash which is not correct.

Which of the Following Journal Entries Would Be Recorded If Accounts payable 800 Office Supplies 800\begin{array} { | c | r | r | } \hline \text { Accounts payable } & 800 & \\\hline \text { Office Supplies } & & 800 \\\hline\end{array} Accounts payable Office Supplies ​800​800​​

Which of the Following Journal Entries Would Be Recorded If $\begin{array} { | c | r | r | } \hline \text { Accounts payable } & 800 & \\\hline \text { Office Supplies } & & 800 \\\hline\end{array}$