Question

The entry to record the purchase of supplies for $200 on account would be which of the following?

A. Supplies 200
Cash 200

B. Supplies 200
Accounts Payable 200

C. Cash 200
Supplies 200

D. Cash 200
Supplies Expense 200

Answer 1

the answer to the question a

Answer 2

The Journal Entries of Accounts Payable confer with the amount payable in accounting entries to the company's lenders for the acquisition of products or services.

What is Accounts Payable?

Accounts payable refers to the money owed by a commercial enterprise to its providers proven as a legal responsibility on a company's balance sheet.

The correct journal entry is:  

B. Supplies A/c Dr. 200

     To Accounts Payable 200

(Being supplies purchased on account)

Therefore, the correct statement is Option B.

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