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Business, 04.01.2021 02:10 queenb1416
What's the correct entry for $100 purchase of supplies on credit?
a. Debit Cash: $100 & Credit Supplies: $100
b. Debit Accounts Payable: $100 & Credit Cash: $100
c. Debit Supplies: $100 & Credit Accounts Payable: $100
d. Debit Accounts Payable: $100 & Credit Supplies: $100
e. Debit Accounts Receivable: $100 & Credit Cash: $100
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Answers: 3
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What's the correct entry for $100 purchase of supplies on credit?
a. Debit Cash: $100 & Credit...
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