Which of the foliowing joumal entries would be recorded if a business makes a cash payment to a supplier of ORG00 "on account (the business had purchased supplies on account in the previous month)? Select one a Cash 600 Supplies 600 b. Cash 600 Accounts payable C. Accounts payable Septe O d. Accounts payabie

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the folowing joumal entries would be recorded if a business makes a cash payment to a supplier of OR600 "on account (the business had purchased supplies on account in the previous month)?
Select one:
a. Cash
600
Supplies O
600
b. Cash
600
Accounts payable O
600
C. Accounts payable
Supptes O
600
d. Accounts payable
600
Cesh O
4 de ENG 205 AM
10/2/2020
Transcribed Image Text:Which of the folowing joumal entries would be recorded if a business makes a cash payment to a supplier of OR600 "on account (the business had purchased supplies on account in the previous month)? Select one: a. Cash 600 Supplies O 600 b. Cash 600 Accounts payable O 600 C. Accounts payable Supptes O 600 d. Accounts payable 600 Cesh O 4 de ENG 205 AM 10/2/2020
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