A company purchases supplies on account for $2,200. Indicate the amount of increases and decreases in the accounting equation. Assets Liabilities Stockholders' Equity
A company purchases supplies on account for $2,200. Indicate the amount of increases and decreases in the accounting equation. Assets Liabilities Stockholders' Equity
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...
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![A company purchases supplies on account for $2,200. Indicate the amount of increases and decreases in the accounting equation.
Assets
Liabilities
Stockholders' Equity
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Transcribed Image Text:A company purchases supplies on account for $2,200. Indicate the amount of increases and decreases in the accounting equation.
Assets
Liabilities
Stockholders' Equity
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The Accounts Payable account has a beginning balance of $11,900 and the company purchased $53,000 of supplies on account during the month. The
ending balance was $19,100.
How much did the company pay to creditors during the month?
Multiple Choice
$64,900
$72,100
$53,000
$45,800
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The Accounts Payable account has a beginning balance of $11,900 and the company purchased $53,000 of supplies on account during the month. The
ending balance was $19,100.
How much did the company pay to creditors during the month?
Multiple Choice
$64,900
$72,100
$53,000
$45,800
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