Paul’s landscaping paid 620 x MyEPCC Connect t.mheducat d IClous D Yahoo D ingWk

Question

Paul’s landscaping paid 620 x MyEPCC Connect t.mheducat d IClous D Yahoo D ingWkiedis Facebook D Twiter D inkedin D The Weather Chaneaet D Yep D Final - Good Luck! Saved Help Save&Exit; Su 6 Pau's Landscaping paid $620 on account for supplies purchased in the prior month. Which of the following general journal entries will Paul's Landscaping make to record this transaction? Multiple Choice Debit Office supplies expense, $620, creat Cash, $5620. Debit Cash, $620; credit Office supplies, $620. Debit Offce supplies, $620, credit Cash, $620.

Explanation / Answer

At the time of purchase last month, following entry was passed

Office supplies expense       $620

       Accounts payable                      $620

At the time of payment, following entry will be passed

Accounts payable       $620

       Cash                              $620

The above entry will result in decrease in accounts payable. So, option E is the correct option

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.