This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A company purchased supplies for $800 on account. The journal entry to record this transaction, ... (Read 153 times)

cagreen833

  • Hero Member
  • *****
  • Posts: 544
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cagreen833 on Feb 18, 2020

mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
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.
Answer Preview
Only 25% of students answer this correctly


cagreen833

  • Member
  • Posts: 544
Reply 2 on: Feb 18, 2020
Excellent

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

The Stillwater Mining Company The Stillwater Mining Company
Example of Index entry for an anatomic site with a cross-reference. Example of Index entry for an anatomic site with a cross-reference.
Ocean sediment cores preserve a record of ice sheet growth and decay Ocean sediment cores preserve a record of ice sheet growth and decay
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library