Friday, 22 July 2016

Prepare a journal entry for the purchase of office supplies on September 30 for $2,500, paying $800 cash

Prepare a journal entry for the purchase of office supplies on September 30 for $2,500, paying $800 cash and the remainder on account.


Answer:

Sept. 30 Office Supplies 2,500
Cash 800
Accounts Payable 1,700

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