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Author Question: A company purchased supplies for $800 on account. The journal entry to record this transaction, ... (Read 53 times)

cagreen833

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on: Feb 18, 2020
A company purchased supplies for $800 on account. The journal entry to record this transaction, however, was a debit to Supplies for $700 and a credit to Accounts Payable for $700. What will the effect be on the trial balance?
◦ Debits will equal credits.
◦ Debits will be $700 more than credits.
◦ Debits will be $100 more than credits.
◦ Debits will be $100 less than credits.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by cagreen833 on Feb 18, 2020

mjbamaung

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cagreen833

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

scottmt

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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