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    arougemont's Avatar
    arougemont Posts: 1, Reputation: 1
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    #1

    Aug 25, 2012, 04:27 PM
    Bill purchased office supplies for $500 cash. What is the effect on accounts
    Bill purchased office supplies for $500 cash. What is the effect on accounts
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Aug 25, 2012, 06:39 PM
    You have two legs of the entry here, all you have to do is THINK, expenses are usually D E B I T S! This isn't accounting it is BOOKKEEPING 101
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