Multiple Choice
On January 14, Edamame Industries purchased supplies of $700 on account. The entry to record the purchase will include
A) a debit to Supplies and a credit to Accounts Payable.
B) a debit to Supplies Expense and a credit to Accounts Receivable.
C) a debit to Supplies and a credit to Cash.
D) a debit to Accounts Receivable and a credit to Supplies.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: The final step in the recording process
Q108: A number in the reference column in
Q117: Under IFRS the trial balance<br>A) follows the
Q153: The first step in posting involves<br>A) entering
Q181: A two column list of all accounts
Q196: Journalize the following transactions for Xiu Xiu
Q197: Electrelane Company showed the following balances
Q199: A trial balance will not balance if<br>A)
Q199: The ledger should be arranged in<br>A) alphabetical
Q206: In the first month of operations for