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Your business purchased office supplies of $2,500 on account. The journal entry to record this transaction is as follows: O A. O B. O C. O D. Accounts and Explanation Office Supplies Accounts Receivable Accounts and Explanation Accounts Payable Office Supplies Cash Accounts and Explanation Office Supplies Accounts Payable Accounts and Explanation Accounts Payable Debit 2,500 Debit 2,500 Debit 2,500 Debit 2,500 Credit 2,500 Credit 2,500 Credit 2,500 Credit 2,500

Your business purchased office supplies of $2,500 on account. The journal entry to record this transaction is as follows: O A. O B. O C. O D. Accounts and Explanation Office Supplies Accounts Receivable Accounts and Explanation Accounts Payable Office Supplies Cash Accounts and Explanation Office Supplies Accounts Payable Accounts and Explanation Accounts Payable Debit 2,500 Debit 2,500 Debit 2,500 Debit 2,500 Credit 2,500 Credit 2,500 Credit 2,500 Credit 2,500

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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Your business purchased office supplies of $2,500 on account. The journal entry to record this transaction is as follows: O A. OB. O C. O D. Accounts and Explanation Office Supplies Accounts Receivable Accounts and Explanation Accounts Payable Office Supplies Cash Accounts and Explanation Office Supplies Accounts Payable Accounts and Explanation Accounts Payable ... Debit 2,500 Debit 2,500 Debit 2,500 points) possible Debit 2,500 Credit 2,500 Credit 2,500 Credit 2,500 Credit 2,500
Transcribed Image Text:Your business purchased office supplies of $2,500 on account. The journal entry to record this transaction is as follows: O A. OB. O C. O D. Accounts and Explanation Office Supplies Accounts Receivable Accounts and Explanation Accounts Payable Office Supplies Cash Accounts and Explanation Office Supplies Accounts Payable Accounts and Explanation Accounts Payable ... Debit 2,500 Debit 2,500 Debit 2,500 points) possible Debit 2,500 Credit 2,500 Credit 2,500 Credit 2,500 Credit 2,500
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