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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

1 Answer

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  • Sandy
    Lv 7
    1 decade ago
    Favorite Answer

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

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