A purchase of supplies on account should be recorded as: a) a debit. Top Picks for Service Excellence journal entry for purchasing supplies on account and related matters.. A purchase of supplies on account is recorded as a debit to supplies expense and a credit to accounts payable.
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In double entry accounting, if I were to buy supplies on credit, would
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What Is the Effect on a Fundamental Accounting Equation if Supplies. When you make a purchase of supplies on account, you must prepare a journal entry that contains one debit and one credit. The debit is made to the supplies , 3.5: Use Journal Entries to Record Transactions and Post to T , 3.5: Use Journal Entries to Record Transactions and Post to T. The Role of Success Excellence journal entry for purchasing supplies on account and related matters.
A purchase of supplies on account should be recorded as: a) a debit
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