Wiley Consulting Purchased $7,000 Worth of Supplies and Paid Cash $\begin{array} { | c | r | r | } \hline \text { Accounts Payable } & 7,000 & \\\hline \text { Supplies } & & 7,000 \\\hline\end{array}$

question 137

Multiple Choice

Wiley Consulting purchased $7,000 worth of supplies and paid cash immediately. Which of the following general journal entries will Wiley Consulting make to record this transaction?

• A) \(\begin{array} { | c | r | r | }
• \hline \text { Accounts Payable } & 7,000 & \\
• \hline \text { Supplies } & & 7,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 7,000 & \\
• \hline \text { Supplies } & & 7,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | r | r | }
• \hline \text { Supplies } & 7,000 & \\
• \hline \text { Cash } & & 7,000 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | l | r | r | }
• \hline \text { Supplies } & 7,000 & \\
• \hline \text { Accounts Payable } & & 7,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | c | r | r | }
• \hline \text { Supplies Experise } & 7,000 & \\
• \hline \text { Accounts Payable } & & 7,000 \\
• \hline
• \end{array}\)

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Definitions:

Decision

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Positive Mood

A state of mind or feeling characterized by contentment, satisfaction, or happiness.

Negative Mood

Affective states that are unpleasant or undesirable, such as sadness, anger, or frustration.

Process Information

The act of gathering, interpreting, and using information relevant to a particular context or decision-making process.