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On March 8, Fernetti Company Bought Office Supplies on Account  Office Supplies880 Accounts Payable880\begin{array} { l } \text { Office Supplies}&880 \\ \text { Accounts Payable}&&880 \\\end{array}

Question 114

Multiple Choice

On March 8, Fernetti Company bought office supplies on account from the Flint Company for $880.Fernetti Company incorrectly debited Office Equipment for $800 and credited Accounts Payable for $800.The entries have been posted to the ledger.the correcting entry should be:


A)  Office Supplies880 Accounts Payable880\begin{array} { l } \text { Office Supplies}&880 \\ \text { Accounts Payable}&&880 \\\end{array}

B) Office Supplies 880 Accounts Payable800 Office Equipment80\begin{array} { l } \text {Office Supplies }& 880\\ \text { Accounts Payable}&&800 \\ \text { Office Equipment}&&80 \\\end{array}

C)  Office Supplies880 Office Equipment880\begin{array} { l }\text { Office Supplies}&880 \\ \text { Office Equipment}&&880 \\\end{array}

D)  Office Supplies 880 Office Equipment800Accounts Payable 80\begin{array} { l }\text { Office Supplies }&880 \\ \text { Office Equipment}& &800\\ \text {Accounts Payable }&&80 \\\end{array}

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