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please explain. im really confused about what part goes into the debit or credit and why Required information Knowledge Check 01 On December 31, the

please explain. im really confused about what part goes into the debit or credit and why image text in transcribed
Required information Knowledge Check 01 On December 31, the company purchases supplies for $1,000 on credit Complete the necessary Journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns View transaction list Journal entry worksheet On December 31, the company purchases supplies for $1,000 on credit Note: Enter debit before credits. Data Credit General Journal Supplies Accounts payable Debit 1,000 Dec 31 1.000 Record entry Clear entry View general Journal

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