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What is the correct entry for a $100 purchase of supplies on credit? A. Debit Cash: $100 & Credit Supplies: $100 B. Debit Accounts Payable: $100 & Credit Cash: $100 C. Debit Supplies: $100 & Credit Accounts Payable: $100 D. Debit Accounts Payable: $100 & Credit Supplies: $100 E. Debit Accounts Receivable: $100 & Credit Cash: $100

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abiolataiwo2015

Answer:

c. Debit supplies $100 & Credit Account payable $100

Explanation:

Preparation of Journal entry for for a $100 purchase of supplies on credit

Since we were told that the amount of $100 purchased of supplies was made on credit which means that the correct entry will be :

Dr Supplies 100

Cr Account payable 100

27storres

Answer:

no idea my guy

Explanation:

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