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

Either C or D

Answer 2

@frosted