Social Science Clinic > Accounting

Wolfe & Associates purchased $400 of office supplies on account and treated the supplies as a ...

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nramada:
Wolfe & Associates purchased $400 of office supplies on account and treated the supplies as a prepaid expense. The journal entry would require a:
◦ debit to Office Supplies and a credit to Cash.
◦ debit to Office Supplies Expense and a credit to Office Supplies.
◦ debit to Office Supplies and a credit to Accounts Payable.
◦ debit to Office Supplies Expense and a credit to Cash.

kaylee05:
debit to Office Supplies and a credit to Accounts Payable.

Emperor Palpatine:
thank you

Lasea.t:
Thank you

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