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This is a multiple answer question. NEO 4 pe November 2025, Gotta Company paid $5,000 to a supplier on account. The bookkeeper made the following entry: DR Supplies expere $300, CR Cash $5 De ooks were closed in 2025, the Accounts Payable clerk discovered the mistake. When the correcting entry is made, which components will be A. debit supplies expense $5,000 B. debit accounts payable $5,000 C. credit supplies expense $5,000 OD. debit cash $5,000. OE. credit accounts receivable $5,000 ded? (Choose

This is a multiple answer question. NEO 4 pe November 2025, Gotta Company paid $5,000 to a supplier on account. The bookkeeper made the following entry: DR Supplies expere $300, CR Cash $5 De ooks were closed in 2025, the Accounts Payable clerk discovered the mistake. When the correcting entry is made, which components will be A. debit supplies expense $5,000 B. debit accounts payable $5,000 C. credit supplies expense $5,000 OD. debit cash $5,000. OE. credit accounts receivable $5,000 ded? (Choose

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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This is a multiple answer question. NEO 4 pe November 2025, Gotta Company paid $5,000 to a supplier on account. The bookkeeper made the following entry: DR Supplies expere $300, CR Cash $5 De ooks were closed in 2025, the Accounts Payable clerk discovered the mistake. When the correcting entry is made, which components will be A. debit supplies expense $5,000 B. debit accounts payable $5,000 C. credit supplies expense $5,000 OD. debit cash $5,000. OE. credit accounts receivable $5,000 ded? (Choose
Transcribed Image Text:This is a multiple answer question. NEO 4 pe November 2025, Gotta Company paid $5,000 to a supplier on account. The bookkeeper made the following entry: DR Supplies expere $300, CR Cash $5 De ooks were closed in 2025, the Accounts Payable clerk discovered the mistake. When the correcting entry is made, which components will be A. debit supplies expense $5,000 B. debit accounts payable $5,000 C. credit supplies expense $5,000 OD. debit cash $5,000. OE. credit accounts receivable $5,000 ded? (Choose
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