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In which journal is the return of supplies purchased on account recorded?
Wiki User
∙ 11y ago
General Journal
Wiki User
∙ 11y ago
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Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
What account is affected in an account journal when you return office supplies that was bought on account?
Say I purchsed $500 in Office Supplies on account, I return the office supplies, since I purchased them on account, the company I purchased them from will extend me a credit to my account decreasing the balance I owe them by the said amount. My books will record....Account Payable (debit)Office Supplies (credit)I debit my Account Payable to show that I no longer owe that amount and I credit my Office Supplies to show that I no longer have that amount of supplies on hand.
Which journal does bought office supplies on account go to?
Purchases journal
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
A purchase of supplies for cash is recorded in the?
cash payment journal
What will be the journal entry for supplies purchased with a check?
Debit supplies accountCredit bank account
Where do you record a purchase of supplies on account?
This should be recorded in the cash payment journal.
If a company returns defective supplies that were purchased for by cash and receives cash refund is this transaction recorded in Cash Receipts Journal?
Yes, the transaction of returning defective supplies and receiving a cash refund would typically be recorded in the Cash Receipts Journal. The entry would involve debiting the accounts payable or purchases returns account for the amount of the defective supplies and crediting the cash account for the amount of the refund received.
What account is affected in an account journal when you return office supplies that was bought on account?
Say I purchsed $500 in Office Supplies on account, I return the office supplies, since I purchased them on account, the company I purchased them from will extend me a credit to my account decreasing the balance I owe them by the said amount. My books will record....Account Payable (debit)Office Supplies (credit)I debit my Account Payable to show that I no longer owe that amount and I credit my Office Supplies to show that I no longer have that amount of supplies on hand.
Which journal does bought office supplies on account go to?
Purchases journal
Which journal entry records payment for supplies?
The journal entry to record payment for supplies would involve crediting the cash account and debiting the supplies expense account.
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
A purchase of supplies for cash is recorded in the?
cash payment journal
Journal entry for purchased dental supplies and supplies that are on hand?
Debit dental supplies inventoryCredit cash / bank
What is journal entry for supplies bought on account?
Debit supplies inventoryCredit accounts payable
In which journal is the receipt of a promissory note from a customer on account recorded?
The General Journal.
What kinds of transactions are recorded in a purchases journal?
purchase of store supplies for cash
