Question

on january 20, complete computer service purchases $200 of office supplies on account.

the journal entry to record this transaction would be:

• date: accounts: office supplies debit: 200, accounts payable credit: 200
• date: accounts: office supplies debit: 200, cash credit: 200
• date: accounts: accounts supplies debit: 200, office supplies credit: 200
• date: accounts: office supplies debit: 200, accounts receivable credit: 200
• i dont know yet

Explanation:

Identify the accounts affected by the transaction

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$$

Determine the debit and credit amounts

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Match with the correct journal entry option

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Answer:

• (A) Date: [Blank], Accounts: Office Supplies (Debit 200) / Accounts Payable (Credit 200) (Correct answer)
• (B) Date: [Blank], Accounts: Office Supplies (Debit 200) / Cash (Credit 200)
• (C) Date: [Blank], Accounts: Accounts Supplies (Debit 200) / Office Supplies (Credit 200)
• (D) Date: [Blank], Accounts: Office Supplies (Debit 200) / Accounts Receivable (Credit 200)
• (E) I don't know yet