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A business purchases $3,500 of supplies for cash. Which of the following sets of ledger accounts reflects the posting of this transaction? ○ A. Supplies 3,500 О в. Cash 3,500 Supplies Cash 3,500 3,500 ○ C. ○ D. Supplies 3,500 Supplies 3,500 Accounts Payable 3,500 Accounts Payable 3,500

A business purchases $3,500 of supplies for cash. Which of the following sets of ledger accounts reflects the posting of this transaction? ○ A. Supplies 3,500 О в. Cash 3,500 Supplies Cash 3,500 3,500 ○ C. ○ D. Supplies 3,500 Supplies 3,500 Accounts Payable 3,500 Accounts Payable 3,500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A business purchases $3,500 of supplies for cash. Which of the following sets of ledger accounts reflects the posting of this transaction? ○ A. Supplies 3,500 О в. Cash 3,500 Supplies Cash 3,500 3,500 ○ C. ○ D. Supplies 3,500 Supplies 3,500 Accounts Payable 3,500 Accounts Payable 3,500
Transcribed Image Text:A business purchases $3,500 of supplies for cash. Which of the following sets of ledger accounts reflects the posting of this transaction? ○ A. Supplies 3,500 О в. Cash 3,500 Supplies Cash 3,500 3,500 ○ C. ○ D. Supplies 3,500 Supplies 3,500 Accounts Payable 3,500 Accounts Payable 3,500
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