Which of the following entries records the acquisition of office supplies for cash?
A) Office Supplies 4,000
Cash 4,000
B) Office Supplies 4,000
Accounts Payable 4,000
C) Equipment 4,000
Accounts Payable 4,000
D) Equipment 4,000
Accounts Receivable 4,000

Question

Which of the following entries records the acquisition of office supplies for cash?
A) Office Supplies   4,000 
Cash  4,000
B) Office Supplies   4,000 
Accounts Payable   4,000
C) Equipment   4,000 
Accounts Payable   4,000
D) Equipment   4,000 
Accounts Receivable   4,000

Quizplus · Accepted Answer

This entry records the acquisition of office supplies for cash because it shows that the company paid cash (debit Cash) to acquire office supplies (credit Office Supplies). The other choices involve equipment or accounts receivable/payable, which are not related to the acquisition of office supplies for cash.

Which of the Following Entries Records the Acquisition of Office