The Entry to Record the Purchase of Supplies on Account

question 18

Multiple Choice

The entry to record the purchase of supplies on account would include a debit to:

• A)Accounts Payable.
• B)Supplies Expense.
• C)Retained Earnings.
• D)Supplies.

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Definitions:

Anomaly

A deviation from the common rule, type, arrangement, or form; something that does not fit into the normal pattern or expected results.

Chocolate Frosting

A sweet, chocolate-based spread, often used as a topping or filling for cakes and other desserts.

Morpheme

The smallest grammatical unit in a language, a word or a part of a word that contains meaning and cannot be further divided.

Phonology

The study of the ways speech sounds are combined and altered in language.