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On July 7, JT Industries Purchased Supplies of $1,000 for Cash

Question 1

Multiple Choice

On July 7, JT Industries purchased supplies of $1,000 for cash. 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:

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