A purchase of supplies on account should be recorded as
A) a debit to Supplies and a credit to Cash.
B) a debit to Accounts Payable and a credit to Supplies.
C) a debit to Supplies and a credit to Accounts Payable.
D) a debit to Supplies Expense and a credit to Accounts Receivable.
E) none of these.
Correct Answer:
Verified
Q7: Which of the following entries records the
Q8: Which of the following classifications of accounts
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Q10: If a $47 cash purchase of supplies
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Q13: When a T account has several items
Q14: Which of the following describes the classification
Q15: The plus side of a T account
Q16: A credit may result in
A) an increase
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