Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 3 - The Accounting Information System - Questions - Page 137: 12

Answer

(a) Dr. Supplies; Cr. Accounts Payable (b) Dr. Cash; Cr. Notes Payable (c) Dr. Salaries Expense; Cr. Cash

Work Step by Step

(a) Debit to Supplies, Credit to Accounts Payable (b) Debit to Cash, Credit to Notes Payable (c) Debit to Salaries Expense, Credit to Cash
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