What is the best explanation for this journal entry?
A)Purchased supplies with cash.
B)Returned supplies previously purchased.
C)Purchased supplies on account.
D)Paid accounts payable.

Question

What is the best explanation for this journal entry?
A)Purchased supplies with cash. 
B)Returned supplies previously purchased. 
C)Purchased supplies on account. 
D)Paid accounts payable.

Quizplus · Accepted Answer

The code TB2051_00 suggests that this is a journal entry for supplies purchased, and the suffix "_00" indicates that it was purchased on account.

What Is the Best Explanation for This Journal Entry