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Given the following partial chart of accounts: Cash (110), Accounts Receivable (111), Supplies (112), and Accounts Payable (210) Complete a transaction analysis chart and journal

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Given the following partial chart of accounts: Cash (110), Accounts Receivable (111), Supplies (112), and Accounts Payable (210) Complete a transaction analysis chart and journal entry from the following transaction: June 30, 201X Len Co. purchased supplies for $900, paying $700 down and the balance due next month. Begin by completing the transaction analysis chart. Accounts Affected Category Increase/Decrease Rules of Dr. and Cr. Supplies Asset Increase Dr. Accounts Payable Liability Increase Cash Asset Decrease Cr. Cr

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