Which of the Following Entries Records the Acquisition of Office $$\begin{array} { | c | r | } \hline \text { Office Supplies } & 3,000 \\\hline \text { Cash } & 3,000 \\\hline\end{array}$$

question 3

Multiple Choice

Which of the following entries records the acquisition of office supplies for cash?

• A)
• \[\begin{array} { | c | r | }
• \hline \text { Office Supplies } & 3,000 \\
• \hline \text { Cash } & 3,000 \\
• \hline
• \end{array}\]
• B)
• \[\begin{array} { | r | r | }
• \hline \text { Office Supplies } & 3,000 \\
• \hline \text { Accounts Payable } & 3,000 \\
• \hline
• \end{array}\]
• C)
• \(\begin{array}{|l|l|}
• \hline \text { Equipment } & 3,000 \\
• \hline \text { Accounts Payable } & 3,000\\\hline
• \end{array}\)
• D)
• \[\begin{array}{ | l | l | }
• \hline \text { Equipment }& 3,000 \\
• \hline \text { Accounts Receivable } & 3,000 \\
• \hline
• \end{array}\]

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Definitions:

Financial Statement Order

The typical sequence in which financial statements are prepared and presented, usually starting with the income statement, followed by the balance sheet, and the cash flow statement.

Accounting Period

A specific duration of time marked for the preparation of financial statements in accounting, typically a year or a quarter.

Trial Balance

An accounting table that consolidates all ledger balances into equal totals in the debit and credit columns.

Journal Entry

A recording of financial transactions in the accounting records, detailing the accounts affected, amounts, and date.