Multiple Choice
On the last day of the current month,a company paid $12,000 to its suppliers,of which $2,000 was for supplies received on the last day of the current month and $10,000 was for supplies received during the previous month.The $12,000 payment would be recorded as a:
A) $10,000 debit to Supplies,a $2,000 debit to Accounts Payable,and a $12,000 credit to Cash.
B) $12,000 debit to Supplies and a $12,000 credit to Cash.
C) $12,000 debit to Supplies Expense and a $12,000 credit to Cash.
D) $2,000 debit to Supplies,a $10,000 debit to Accounts Payable,and a $12,000 credit to Cash.
Correct Answer:

Verified
Correct Answer:
Verified
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