Question

You have a receipt for the purchase of supplies. What would the T account look like after analyzing this transaction?

Accounts Payable is credited to decrease, and Supplies is debited to increase.
Accounts Payable is debited to decrease, and Supplies is credited to increase.
Cash is credited to decrease, and Supplies is debited to increase.
Cash is debited to decrease, and Supplies is credited to increase.

Answer 1

@frosted

Answer 2

Man it's 11:27 at night, what are you still doing up?

I got you on this one.

Do you have any guesses?

Answer 3

Lol 11:27 is nothing tbh I stay up till like 5am

Answer 4

My guess is either A or B

Answer 5

._. That's not healthy. The only reason why I'm still currently awake, because I'm playing minecraft.

Answer 6

Now, debited is usually a negative thing.
and
Credited is gaining.
So are supplies going up or down?

Answer 7

The supplies is going up

Answer 8

So using the information about crediting and debiting, you can find your answer.

Answer 9

Okay so Accounts Payable is debited to decrease, and Supplies is credited to increase.

Answer 10

what class is this

Answer 11

i know

Answer 12

Thank you and this is accounting

Answer 13

I love making money but learning about money is lowkey hard

Answer 14

I got it wrong...

Answer 15

did you check