_____7. When you post a transaction for purchasing office supplies on account, the accounts debited and credited

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_____7. When you post a transaction for purchasing office supplies on account, the accounts debited and credited are:

a. Dr. Office Supplies; Cr. Accounts Payable/Vendor.

b. Dr. Accounts Payable/Vendor; Cr. Checking Account.

c. Dr. Office Supplies; Cr. Cash.

d. Dr. Office Equipment; Cr. Cash.

e. None of the above.

Vendors & Payables 111 The McGraw-Hill Companies, Inc., Computer Accounting with Microsoft Office Accounting 2007

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