A Transaction Has Been Recorded in the General Journal of Todd

question 73

Multiple Choice

A transaction has been recorded in the general journal of Todd Company as follows:
$\begin{array}{|l|r|r|}\hline \text { Supplies } & 800 & \\\hline \text { Accounts Payable } & & 800 \\\hline\end{array}$
Which of the following could be an explanation for this transaction?

• A) Incurred supplies expense
• B) Purchased supplies on account
• C) Used supplies
• D) Purchased supplies with cash

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