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ACY Limited (ACY) purchased some office supplies on 14 February 2020 with a 30 days credit period granted. ACY paid the supplier on 10 March

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ACY Limited ("ACY") purchased some office supplies on 14 February 2020 with a 30 days credit period granted. ACY paid the supplier on 10 March 2020. ALL of the supplies were subsequently consumed in April 2020. Question Which of the following journal entry shall be made by ACY for the month ended 28 February 2020? Select one: O A. Dr. Supplies / Cr. Cash OB. No journal entry is required O C. Dr. Supplies Expense / Cr. Cash O D. Dr. Supplies / Cr. Accounts Payable

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