Which of the following journal entries would be recorded if a business purchased supplies on account in a previous accounting period and now makes a cash payment of $750 to the supplier to settle the account? OA. Supplies 750 Cash 750 B. Accounts Payable Cash 750 750 OC. Accounts Payable Supplies 750 750 OD. Cash 750 Accounts Payable 750

Which of the following journal entries would be recorded if a business purchased supplies on account in a previous accounting period and now makes a cash payment of $750 to the supplier to settle the account? OA. Supplies 750 Cash 750 B. Accounts Payable Cash 750 750 OC. Accounts Payable Supplies 750 750 OD. Cash 750 Accounts Payable 750

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 4EB: From the following list, identify which items are considered original sources: A. accounts...

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