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The ABC Company paid cash on account for supplies purchased last month. This would be recorded in the T-accounts as a: options: -debit to Accounts
The ABC Company paid cash on account for supplies purchased last month. This would be recorded in the T-accounts as a: options:
-debit to Accounts Payable and credit Cash.
-debit Cash and credit Supplies.
-debit Accounts Receivable and credit Cash.
-debit Supplies and credit Accounts Payable.
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