Author Question: Twisted Pretzel, Inc. purchased 800 of supplies on account on May 28. The supplies will be used in ... (Read 720 times)

mynx · **on:** Jul 5, 2018

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