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H3Ko H3Ko
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7 years ago
Which of the following journal entries would be recorded if a business purchased office supplies on account in a previous accounting period and now makes a cash payment of $750 to the supplier to settle the account?

A) Accounts Payable   750   
      Cash           750

B) Cash   750   
      Office Supplies           750

C) Cash   750   
      Accounts Payable           750

D) Accounts Payable   750   
      Office Supplies           750
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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