Homework Clinic

Social Science Clinic => Accounting => Topic started by: nramada on Feb 18, 2020

Title: Wolfe & Associates purchased $400 of office supplies on account and treated the supplies as a ...
Post by: nramada on Feb 18, 2020

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.

Title: Wolfe & Associates purchased $400 of office supplies on account and treated the supplies as a ...
Post by: kaylee05 on Feb 18, 2020

debit to Office Supplies and a credit to Accounts Payable.

Title: Re: Wolfe & Associates purchased $400 of office supplies on account and treated the supplies as a ..
Post by: Emperor Palpatine on Oct 29, 2021

thank you

Title: Re: Wolfe & Associates purchased $400 of office supplies on account and treated the supplies as a ..
Post by: Lasea.t on Oct 11, 2023

Thank you