ABC Company purchased $1,200 of supplies on account. How will this transaction affect the accounting equation?

a.A debit to accounts payable for $1,200 and a credit to supplies for $1,200.

b.Adebit to supplies for $1,200 and a credit to accounts payable for $1,200.

c.A Debit to supplies for $1,200 and a credit to cash for $1,200.

d.None of these choices are correct.

Purchases of equipment are recorded on

a.the right side of the Equipment T account.

b.the left side of Owner's Capital T account.

c.the left side of the Purchases T account.

d.the left side of the Equipment T account.

A payment on account is recorded as a

a.a debit to Cash and a credit to Accounts Payable.

b.a debit to Accounts Payable and a credit to Owner's Capital.

c.debit to Accounts Payable and a credit to Cash.

d.a debit to Owner's Drawing and a credit to Cash.