Multiple Choice
A business purchases supplies on account. The entry to record this transaction is:
A) Debit to Supplies; Credit Accounts Receivable
B) Debit Supplies; Credit Accounts Payable
C) Debit Supplies; Credit to Cash
D) Debit to Cash; Credit Supplies
Correct Answer:
Verified
Correct Answer:
Verified
Q65: Conway Copy Shop is owned and operated
Q66: Credits are used to record:<br>A)decreases in liabilities
Q67: The following information should be used for
Q68: Which of the following represents the proper
Q69: Which of the following transactions increase owner's
Q71: The following information should be used for
Q72: Select the entry below to record the
Q73: A business receives a bill for utilities
Q74: The classification and normal balance of the
Q75: The accounts and balances for Paw Prints