See the business bought supplies on account to record this. Bought chairs and a table paying cash P6700. The business bought supplies on account To record this A an expense is debited from ACCOUNTING 1 at Baruch College CUNY. An asset is debited and a liability is credited. Read also supplies and the business bought supplies on account to record this None of these are correct.
Bought washing machines and dryers from Bataan Equipment Corp P115000 paying P35000 in cash and the balance on account. An asset is debited and an asset is credited.
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Topic: Trial Balance Dr Cr Cash 1100 Account Receivable 800 Withdrawala 500 Capital 1900 Service Fees 1000 Rent Expenses 500 2900 2900 B. Fernando On Financiero Financial Accounting Business Management Management The Business Bought Supplies On Account To Record This |
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An asset is debited and a liability is credited.
An asset is debited and an asset is credited. To record this transaction A. 20Merchandise being returned to suppliers are also termed as returns outwards. An expense is debited and a liability is credited. Paid rent for the month P5570. The business bought supplies on account.
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Journal Entry Form Bookkeeg Business Finances Bookkeeg Business Journal Entries Bookkeeg To record such returns and allowances an account is known as purchases returns and allowances is.
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