A Business Purchased Office Supplies of $10,000 on Account

question 83

Multiple Choice

A business purchased office supplies of $10,000 on account. The business would:

• A)debit Accounts Receivable for $10,000 and credit Supplies for $10,000.
• B)debit Supplies for $10,000 and credit Cash for $10,000.
• C)debit Accounts Payable for $10,000 and credit Supplies for $10,000.
• D)debit Supplies for $10,000 and credit Accounts Payable for $10,000.