Solved

A Purchase of Supplies for $2 000 Plus $260 HST

Question 14

Multiple Choice

A purchase of supplies for $2 000 plus $260 HST in the general journal would not be posted -


A) if the Supplies and HST were recorded as credits and Accounts Payable as debits
B) if the HST was omitted and the Accounts Payable credit was $2 000
C) if the HST was omitted, Supplies debit was $2 260 and Accounts Payable credit was $2 260
D) if the debit amounts did not equal the credit amounts

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions