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On August 13, 2020, Marigold Enterprises purchased office equipment for $ 1360 and office supplies of $ 320 on account. Which of the following journal entries is recorded correctly and in the standard format? Equipment 1360 Supplies 320 Accounts Payable 1680 Equipment 1360 Account Payable 1680 Supplies 320 Accounts Payable 1680 Equipment 1360 Supplies 320 Equipment 1360 Supplies 320 Accounts Payable 1680

On August 13, 2020, Marigold Enterprises purchased office equipment for $ 1360 and office supplies of $ 320 on account. Which of the following journal entries is recorded correctly and in the standard format? Equipment 1360 Supplies 320 Accounts Payable 1680 Equipment 1360 Account Payable 1680 Supplies 320 Accounts Payable 1680 Equipment 1360 Supplies 320 Equipment 1360 Supplies 320 Accounts Payable 1680

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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On August 13, 2020, Marigold Enterprises purchased office equipment for $ 1360 and office supplies of $ 320 on account. Which of the following journal entries is recorded correctly and in the standard format? Equipment 1360 Supplies 320 Accounts Payable 1680 Equipment 1360 Account Payable 1680 Supplies 320 Accounts Payable 1680 Equipment 1360 Supplies 320 Equipment 1360 Supplies 320 Accounts Payable 1680
Transcribed Image Text:On August 13, 2020, Marigold Enterprises purchased office equipment for $ 1360 and office supplies of $ 320 on account. Which of the following journal entries is recorded correctly and in the standard format? Equipment 1360 Supplies 320 Accounts Payable 1680 Equipment 1360 Account Payable 1680 Supplies 320 Accounts Payable 1680 Equipment 1360 Supplies 320 Equipment 1360 Supplies 320 Accounts Payable 1680
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