The journal entry to record the purchase of supplies on account a. Credits Supplies and debits Accounts

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The journal entry to record the purchase of supplies on account

a. Credits Supplies and debits Accounts Payable.

b. Debits Supplies Expense and credits Supplies.

c. Credits Supplies and debits Cash.

d. Debits Supplies and credits Accounts Payable.

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Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Question Posted: May 21, 2020 03:09 AM

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The journal entry to record the purchase of supplies on account a. Credits Supplies and debits Accounts

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The answer to this question is option d ie Debit supplies and credit accounts payable Here supplies ...View the full answer

Financial Accounting

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