ACC 211

Sam's Lawn Care purchased $2,500 of supplies for the upcoming summer season. Sam paid $500 cash and owes the remaining amount next month. What is the appropriate journal entry for this transaction? Answer

		Debit supplies $2,500; Credit cash $2,500
		Debit supplies expense $2,500; Credit cash $2,500
		Debit supplies $500; credit cash $500
		Debit supplies $2,500; Credit cash $500; Credit accounts payable $2,000

436438_1_accounts-payables-journal-entry.xlsx

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ACC 211

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