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 123

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) \[\begin{array} { | c | r | r | }
• \hline \text { Cash } & 800 & \\
• \hline \text { Office Supplies } & & 800 \\
• \hline
• \end{array}\]

Understand the concept of inventory turnover and its importance.

Gain insight into managerial accounting and its relevance to manufacturing and inventory.

Comprehend the significance of lean business models and just-in-time manufacturing.

Understand the principles of customer orientation and corporate social responsibility in manufacturing.

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Definitions:

Eyewitness Images

Visual memories of events observed by individuals, which can be significant in legal contexts but are subject to distortion and inaccuracies.

Flashbulb Memories

Vivid, detailed memories of significant or emotional events that feel as if they were recorded with a camera's flash; these memories often include where one was and what one was doing at the time of the event.

Eidetic Images

Vivid and detailed mental images that can be recalled with high accuracy, often referred to as photographic memory.

Elaborative Rehearsals

A memory technique that involves thinking about the meaning of the information to be remembered or relating the information to other knowledge, thus enhancing recall.