Provide descriptions for this transaction: Debit supplies $1,000 and Credit Account Payable $1,000
a. Used supplies.
b. Purchased supplies.
c. Purchased supplies on credit.
d. Counted supplies.
e. Transfer supplies into inventory.
Answer: C
Provide descriptions for this transaction: Debit supplies $1,000 and Credit Account Payable $1,000
a. Used supplies.
b. Purchased supplies.
c. Purchased supplies on credit.
d. Counted supplies.
e. Transfer supplies into inventory.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.