The Billetts Company purchased $1,000 of supplies on account. After this transaction has been recorded in T-accounts, the $1,000 would appear

Question

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The purchase increased the supplies account, an asset and decreased accounts payable, a liability. Therefore, $1,000 will appear as a debit on the left side of the supplies account and as a credit on the right side of the accounts payable account.

The Billetts Company Purchased $1,000 of Supplies on Account