Multiple Choice
A business purchases supplies on account. The journal entry to record this transaction is:
A) Debit to Cash; Credit Supplies
B) Debit to Supplies; Credit Accounts Receivable
C) Debit Supplies; Credit Accounts Payable
D) Debit Supplies; Credit to Cash
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: The following information should be used for
Q33: On a typical chart of accounts, the
Q39: Permanent accounts are used to account for
Q41: When there are several entries to one
Q49: The difference between the debit and credit
Q51: When charge customers pay cash to apply
Q57: The modern system of accounting is called
Q91: When preparing the trial balance,the total debits
Q99: Which of the following accounts is not
Q104: When an owner invests assets in a