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On October 10,a Company Paid $12,000 to a Supplier

Question 63

Multiple Choice

On October 10,a company paid $12,000 to a supplier.Of that amount,$2,000 was for supplies received on October 10 and $10,000 was for supplies that were purchased on account during September.The journal entry to record the $12,000 payment would include a debit to:


A) Supplies for $10,000, a debit to Accounts Payable for $2,000, and a credit to Cash for $12,000.
B) Supplies and a credit to Cash for $12,000.
C) Supplies Expense and a credit to Cash for $12,000.
D) Supplies for $2,000, a debit to Accounts Payable for $10,000, and a credit to Cash for $12,000.

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