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Debit supplies inventory
Credit Accounts Payable
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What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
How do you journal entry office supplies on account?
Debit office suppliesCredit accounts payable
When supplies are bought on account the account debited is?
When supplies are bought on account, the account debited is the Supplies or Inventory account, reflecting an increase in assets. The corresponding credit entry is made to Accounts Payable, indicating a liability to pay the supplier in the future. This transaction follows the double-entry accounting principle, ensuring that the accounting equation remains balanced.
Journal entry for supplies used?
Debit supplies expensesCredit supplies inventory
What will be the journal entry for supplies issued?
Debit supplies expensesCredit supplies inventory
Which journal entry records payment for supplies?
Debit supplies inventoryCredit cash / bank
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
What will be the journal entry for supplies purchased with a check?
Debit supplies accountCredit bank account
How do you journal entry office supplies on account?
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
What is the journal entry for deposit to bank account for beginning a business?
Journal entry for opening a bank account
What would be the journal entry for supplies that have been used?
Debit supplies expenseCredit supplies inventory
Journal entry supplies used 200?
debit supplies expenses 200credit supplies inventory 200
