Company B purchased office supplies on account. In recording this transaction:
A) cash would be credited.
B) accounts payable would be credited.
C) accounts receivable would be credited.
D) office supplies would be credited.

Question

Quizplus · Accepted Answer

Accounts payable would be credited as the company purchased office supplies on account, indicating that they owe the supplier money in the future.

Company B Purchased Office Supplies on Account