lilshawtyyy9962 lilshawtyyy9962

02-06-2021
Business

contestada

On 1/29, General Electric bought supplies in the amount of $1,500. What account is debited and what account is credited in the required journal entry for General Electric on 1/29? (Select ALL that apply)

Respuesta :

topeadeniran2 topeadeniran2

03-06-2021

Answer: Debit Supplies

Credit Cash

Credit Accounts payable.

Explanation:

The journal entry is an act of making records of the transactions in an organization which shows the debit and credit balances of the company.

Based on the information given, since General Electric bought supplies in the amount of $1,500, the journal entry will be:

Debit Supply $1500

Credit Cash / Accounts Payable $1500

Answer Link

Otras preguntas

Identify which of the factors below are better short-range predictors and which are better long-range predictors of movements in foreign exchange rates.a. Relat

A certain mixture of paint contains 5 parts white paint for every 4 parts blue paint. If a can of paint contains 75 ounces of white paint, how many ounces of bl

Question 8 of 10 A T-shirt vendor is thinking about changing the number of T-shirts he brings to an event. To make sure he doesn't run out, he plans to bring mo

please I need help please

PLEASE HELP ME TO COMPLETE THIS QUESTION

slaughter housefivenDecide whether the main conflict is between sharply differentiated good and evil, or is more subtle and complex.

How do -11.5 and -9.5 compare? Choose the correct symbol.-11.5 _ -9.5A.<B.=C.>

In recording the monthly adjusting entry for accrued wages at the end of the accounting period, the amount of the adjustment would usually be determined by: a.

Jack is 10 years old.Kylie is 17 years old.Vanessa is 23 years old.Kylie and Vanessa share £16 in the ratio of their ages.Kylie gives 20% of her share to Jack

If $a>0$ and $b>0$, a new operation $\nabla$ is defined as follows:$a \nabla b = \dfrac{a + b}{1 + ab}.$For example,$3 \nabla 6 = \dfrac{3 + 6}{1 + 3 \