What Business Event Is Represented by This Journal Entry

question 38

Multiple Choice

What business event is represented by this journal entry?

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

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Definitions:

Experimental Drug

A pharmaceutical compound that is in the process of being tested for safety and effectiveness but is not yet approved for general use.

Dosage

The amount and frequency at which a medication or other substance is administered to achieve a therapeutic effect.

Placebo

A substance with no therapeutic effect, used as a control in testing new drugs.

Supplements of Glucosamine

Nutritional products aimed at supporting joint health, often used in the treatment or prevention of osteoarthritis.