0
Debit office supplies
Credit Accounts Payable
What else can I help you with?
What is the journal entry for purchasing office supplies on credit?
The journal entry for purchasing office supplies on credit involves debiting the Office Supplies account and crediting Accounts Payable. For example, if the office supplies cost $500, the entry would be: Debit Office Supplies $500 Credit Accounts Payable $500 This reflects the increase in assets (office supplies) and the corresponding liability (amount owed).
What will be the journal entry Office supplies purchased in cash but not used?
Since the purchase of supplies are recorded on the books and still sitting down to be taken off. The entry would be Credit office supplies and Debit the Cash account.
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
What is journal entry for supplies bought on account?
Debit supplies inventoryCredit accounts payable
What is the journal entry for Outstanding amount owing to Office Supplies?
debit office suppliescredit accounts payable
What is the journal entry for purchasing office supplies on credit?
The journal entry for purchasing office supplies on credit involves debiting the Office Supplies account and crediting Accounts Payable. For example, if the office supplies cost $500, the entry would be: Debit Office Supplies $500 Credit Accounts Payable $500 This reflects the increase in assets (office supplies) and the corresponding liability (amount owed).
Which journal entry records payment for supplies?
Debit supplies inventoryCredit cash / bank
What will be the journal entry Office supplies purchased in cash but not used?
Since the purchase of supplies are recorded on the books and still sitting down to be taken off. The entry would be Credit office supplies and Debit the Cash account.
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
What is journal entry for supplies bought on account?
Debit supplies inventoryCredit accounts payable
What will be the journal entry for supplies purchased with a check?
Debit supplies accountCredit bank account
What is the journal entry for Outstanding amount owing to Office Supplies?
debit office suppliescredit accounts payable
What will be the journal entry for supplies issued?
Debit supplies expensesCredit supplies inventory
Journal entry for supplies used?
Debit supplies expensesCredit supplies inventory
What is the journal entry for cost of supplies used?
debit supplies expensecredit supplies inventory
What is the journal entry of supplies used?
[Debit] Supplies expenses [Credit] Supplies Inventory
What would be the journal entry for supplies used?
debit supplies expensecredit supplies inventory
