On July 12, a business purchased $760 of equipment on account. The transaction was recorded...
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Accounting
On July 12, a business purchased $760 of equipment on account. The transaction was recorded as a debit to supplies for $670 and a credit to accounts payable for $670. Record dollar amounts without dollar sign ($) or comma, e.g. 15000.
The correcting entry would debit______[a. cash b. accounts payable c. supplies expense d. equipment e. supplies] for $______,credit Supplies for $______and credit ______[a. cash b. accounts payable c. supplies expense d. equipment e. supplies] for $______.
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