Debit office supplies
Credit Accounts Payable
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.
debit accounts payablecredit supplies return account
Debit supplies inventoryCredit accounts payable
debit office suppliescredit accounts payable
Debit supplies expensesCredit supplies inventory
Debit supplies inventoryCredit cash / bank
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.
debit accounts payablecredit supplies return account
Debit supplies accountCredit bank account
Debit supplies inventoryCredit accounts payable
debit office suppliescredit accounts payable
Debit supplies expensesCredit supplies inventory
Debit supplies expensesCredit supplies inventory
debit supplies expensecredit supplies inventory
debit supplies expensecredit supplies inventory
[Debit] Supplies expenses [Credit] Supplies Inventory
Journal entry for opening a bank account