A Business Buys $500 of Supplies on Account

question 23

Multiple Choice

A business buys $500 of supplies on account.Which account is debited?

• A) Cash
• B) Accounts payable
• C) Supplies
• D) Service revenue

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Definitions:

Median Age

The middle value of age in a population, meaning half the population is younger and half is older than this value.

First-Time Bride

A woman who is getting married for the first time.

Blacks

Refers to individuals of African descent or those characterized by darker skin, historically associated with the African continent.

White Women

Refers specifically to women who are categorized or identify as white, highlighting their experiences within the scope of gender and race dynamics.