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Author Question: Twisted Pretzel, Inc. purchased 800 of supplies on account on May 28. The supplies will be used in ... (Read 606 times)

mynx

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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



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mrphibs

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Answer to Question 1

D

Answer to Question 2

True




mynx

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it


raenoj

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

 

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