Which of the Following Journal Entries Would Be Recorded If $$\begin{array} { | c | r | r | } \hline \text { Accounts payable } & 800 & \\\hline \text { Office Supplies } & & 800 \\\hline\end{array}$$

question 85

Multiple Choice

Which of the following journal entries would be recorded if a business purchased $800 of office supplies on account?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts payable } & 800 & \\
• \hline \text { Office Supplies } & & 800 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Office Supplies } & 800 & \\
• \hline \text { Accounts payable } & & 800 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Office Supplies } & 800 & \\
• \hline \text { Cash } & & 800 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 800 & \\
• \hline \text { Office Supplies } & & 800 \\
• \hline
• \end{array}\]

---

Definitions:

Net Income

The amount of profit left after deducting all costs, taxes, and expenses from total revenue.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense over its useful life.

Cash Dividends

Payments made by a corporation to its shareholder members, typically in the form of cash, as a distribution of profits.

Accounts Receivable

Money owed to a company by its customers from sales or services rendered on credit.