On December 31, Jacob Company received a $385 bill for the purchase of supplies in December that it will not pay for until February 2. The adjusting entry needed on December 31 to accrue this cost is: 3 10 points Skipped eBook Multiple Choice O Debit Supplies $385; credit Accounts Payable $385. Debit Accounts Payable $385; credit Supplies $385. Debit Accounts Payable $385; credit Cash $385. Debit Supplies Expense $385; credit Cash $385. Debit Supplies Expense $385; credit Supplies $385.

On December 31, Jocob Company recelved a $385 bill for the purchose of supplies in December that it will not pay for untit February 2. The adjusting entry needed on December 31 to accrue this cost is: Mutgle Choice Debit Supples 5385 . credi Accounts Payable \$385. Debit Accounts Payoble \$38s; crede Supplies \$389. DebitAccounts Poyable 5385, credt Cash $385 Debit Supplies Expene 3385; credit Can $395. Debit Supples Fupense \$385, cresn 5upples \$385