Solved

On January 14, Maxine Industries Purchased Supplies of $900 on Account

Question 62

Multiple Choice

On January 14, Maxine Industries purchased supplies of $900 on account. To record the purchase Maxine will


A) debit Supplies and credit Accounts Payable.
B) debit Supplies Expense and credit Accounts Receivable.
C) debit Supplies and credit Cash.
D) debit Accounts Receivable and credit Supplies.

Correct Answer:

verifed

Verified

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

Related Questions