What is the best explanation for this journal entry?

June 26 Supplies 500

Accounts Payable 500

?????????????????

a. Purchased supplies with cash
b. Investment of supplies by stockholder
c. Purchased supplies by stockholder
d. Paid accounts payable

Sandy2008-09-02T03:42:46Z

Favorite Answer

None of the above. The answer is Purchased supplies on account.

20

Related Questions

What is the best explanation for this journal entry?accounting for corporations: explanation for journal entry?Identify the types of adjusting entries of the following journal entries with explanation?.?Journalize the March transactions. (Provide explanations for the journal entries.)?Journalize the March transactions. (Provide explanations for the journal entries.)?

Trending Questions

is college pretty much a scam? when did it become known that many people with degrees cannot get jobs in their chosen field after? is true?20 answersWhy does a person want to pay me $500 weekly just to advertise apartments for him... ?5 answersWhy are my packages always late? ?6 answersWhat's the difference between pretax and post-tax in very simple terms?4 answersis it true that many of the biggest banks in the world are insolvent right now? this video is saying that they are all about to go bust? why?5 answers