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

A book keeper recorded the purchase of office supplies on accounts as follows: Dr. Supplies expense  34000                           Cr. Accounts receivable 34000 How much are total assets over or under stated?   show workings

For each of the transactions, state which special journal (sales journal, cash receipts journal, cash disbursements journal, purchases journal, or general journal) and which subsidiary ledger (Accounts Receivable, Accounts Payable, or neither) would be used in recording the transaction. A. Paid utility bill B. Sold inventory on account C. Received but did not pay phone bill D. Bought inventory on account E. Borrowed money from a bank F. Sold old office furniture for cash G. Recorded depreciation H. Accrued payroll at the end of the accounting period I. Sold inventory for cash J. Paid interest on bank loan

How do I record the current transaction?