A company pays $1,200 on account for supplies purchased last month.All supplies were used last month.Record the payment using (a)accrual-basis accounting and (b)cash-basis accounting.

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The Answer of A company pays $1,200 on account for supplies purchased last month.All supplies were used last month.Record the payment using (a)accrual-basis accounting and (b)cash-basis accounting.

A Company Pays $1,200 on Account for Supplies Purchased Last