Multiple Choice
The entry to record the purchase of supplies on account would include a debit to:
A) Accounts Payable.
B) Supplies Expense.
C) Retained Earnings.
D) Supplies.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: What type of account is prepaid insurance?<br>A)An
Q15: Receiving a payment from a customer on
Q16: The payment for rent of the office
Q17: The normal balance of a revenue account
Q19: Double- entry accounting means that each transaction:<br>A)debits
Q20: Consider the following transactions: I. Owners invested
Q21: Which type of account is decreased when
Q23: Consider the following transactions: I. Owners invested
Q81: When the trial balance is out of
Q132: All business transactions involve an increase in