Twisted Pretzel, Inc. purchased 800 of supplies on account on May ...

[mynx]

Twisted Pretzel, Inc. purchased 800 of supplies on account on May 28. The supplies will be used in June. The May 28 journal entry to record this purchase is a debit to ________.
 
  A) Supplies expense of 800 and a credit to Cash of 800
  B) Supplies of 800 and a credit to Cash of 800
  C) Supplies expense of 800 and a credit to Accounts payable of 800
  D) Supplies of 800 and a credit to Accounts payable of 800

Question 2

The chart of accounts for a merchandising business would include an account called Delivery Expense.
 a. True
  b. False
 
   Indicate whether the statement is true or false

[mrphibs]

Answer to Question 1

D

Answer to Question 2

True

[mynx]

Gracias!

[Dnite]

TYSM