Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
- The journal entry for recording the purchase of supplies on credit is given below:
Supplies Dr $1,000
To Account payable $1,000
(Being purchase supplies on credit is recorded)
Here the supplies are debited as it increased the assets and credited the account payable as it also increased the liabilities.
Learn more about the supplies here: brainly.com/question/14246224
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.