In a Previous Month,the Business Purchased Supplies for $800 on Account.Now

question 153

Essay

In a previous month,the business purchased supplies for $800 on account.Now the business makes a cash payment of $800 to the supplier.Please provide the journal entry (debits first,credits second.)
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

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Definitions:

Processing Time

The duration required to complete a specific task or operation.

Queue 1

Typically refers to the first in a series of waiting lines or sequences where processes or people await their turn for service.

Customer

An individual or entity that purchases goods or services from a business.

Average Time

The mean value of a set of time measurements, often used to assess performance or efficiency.