Question
On February 1, we purchased supplies on account for $500. What account would we credit when we journalize this entry? Group of answer choices supplies
On February 1, we purchased supplies on account for $500. What account would we credit when we journalize this entry?
Group of answer choices
supplies
cash
accounts payable
supplies expense
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
11th Edition
1119594596, 978-1119594598
