11. a. b. C. d. Office supplies are expensed when they are consumed (used up). when they are purchased. recording of transactions. at no time, since they are an asset. 2. Which of the following events does not require a journal entry a. Purchase of a one-year insurance policy b. Agreement to perform a service at a future date C. Performance of a service agreed to at a past date d. Payment for a service performed previously 3. a. b. Which of the following statements is not necessarily true abc The Post. Ref. column is left blank until after the entry has bee Liabilities are indented. An explanation must always follow the journal entry. All debits must be recorded before any credits. C. d