Ask Experts Questions for FREE Help !
Ask
    Cedisha's Avatar
    Cedisha Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 30, 2010, 08:20 PM
    Purchased office suppplies on account
    Apply this question to the accounting equatio!
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Oct 1, 2010, 06:55 AM

    The journal entry will be:
    Debit Office Supplies, which increases an asset
    Credit Accounts Payable, which increases a liability.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How would I post purchased a truck, paid some cash and put the balance on account? [ 1 Answers ]

A company purchased a truck for $12,000, paying 5,000 in cash, and the balance on account?

We use Microsoft Office 2003 at our office. Our company computes the employees age, [ 15 Answers ]

We use Microsoft Office 2003 at our office. Our company computes the employees’ age, e.g. (01/01/1949) plus their starting date, e.g. (08/22/1989) to check if they are eligible for the 75 rule for retirement. Can Excel compute this with the age changing daily to keep the formula current?

Unable to open any office 2003 application after downgrading fro office 2007 [ 2 Answers ]

Hi Guys I just uninstalled office 2007 and installed office 2003, but I cannot go to outlook, it gives me an error saying something like mapi. Please assist guys:confused:

Office 2007 asks for Office 2000 installation discs [ 2 Answers ]

Hi all. I used to run Office 2000 but uninstalled it and installed Office 2007. When I run the Spell Checker it does not function. When I try to run it, The computer tries to install it and then asks for the Office 2000 Installation disks. I insert the Office 2000 disks but then it...

Charged off account at Law Office [ 3 Answers ]

I had lost my Job and was unable to pay my CC bill. I did contact them, but as so many others they would not lower or stop my interest. The account was charged off in NOv and is now being handled by a Law Firm. The amount is $ 7500 , which at least $ 2500 being interest. My question, how can I stop...

View more questions Search