Jones Cleaning Services Purchased 12 Months' Worth of Cleaning Supplies

Multiple Choice

Jones Cleaning Services purchased 12 months' worth of cleaning supplies from Focus on Cleaning. The purchase is for cash and the invoiced amount is $1200. Ignoring GST, the entry that correctly records this transaction is:

A) DR Cleaning Supplies expense $1200; CR Equity $1200
B) DR Bank $1200; CR Cleaning Supplies asset $1200
C) DR Cleaning Supplies asset $1200; CR Bank $1200
D) DR Bank $1200; CR Cleaning Supplies expense $1200