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

Question

Quizplus · Accepted Answer

Option B (11ea8a42_4ef0_30f9_8b44_cfd3e89525a2_TB5024_00) is correct as it shows a debit to office supplies (an asset account) and a credit to accounts payable (a liability account) for the same amount of $800, indicating that the purchase was made on account or credit. Option A is incorrect as it shows a debit to office supplies and a credit to cash, which would be the correct journal entry if the purchase was made with cash. Option C and D are also incorrect as they do not include the correct accounts or amounts.

Which of the Following Journal Entries Would Be Recorded If