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Author Question: A company purchased $200 of supplies on account; however, the journal entry to record the purchase ... (Read 64 times)

yoroshambo

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on: Feb 18, 2020
A company purchased $200 of supplies on account; however, the journal entry to record the purchase was a debit to Supplies for $200 and a credit to Cash for $200. What will the effect be on the trial balance?
◦ Debits will be $200 less than credits.
◦ Both debits and credits will be $200 too high.
◦ Debits will equal credits.
◦ Debits will be $200 more than credits.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by yoroshambo on Feb 18, 2020

fraziera112

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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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yoroshambo

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Reply 2 on: Feb 18, 2020
Great answer, keep it coming :)

Chelseyj.hasty

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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