Which of the following entries records the acquisition of office supplies on account?
Posted September 23rd, 2009 by admin 1 Comment »
heatfan16 asked:
a. Office Supplies, debit; Cash, credit
a. Office Supplies, debit; Cash, credit
b. Cash, debit; Office Supplies, credit
c. Office Supplies, debit; Accounts Payable, credit
d. Accounts Receivable, debit; Office Supplies, credit
Which of the following entries records the acquisition of equipment on account?
a. Equipment, debit; Accounts Payable, credit
b. Equipment, debit; Cash, credit
c. Accounts Payable, debit; Equipment, credit
d. Accounts Payable, debit; Notes Payable, credit