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When purchasing inventory items for a business and paying by check, the corresponding entries behind...

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Accounting

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When purchasing inventory items for a business and paying by check, the corresponding entries behind the scenes are Your junior accountant has come across the following transaction and is uncertain of how to record it in QB. Adivse which of the following must be used to record - 'Purchased inventory items on credit from Stationery Depot, $2,500.' You decide to start in business with funds that you have managed to save over the course of the years. Which of the following are more likely the accounts to be affected behind the scenes? Only owner's equity to show investment on part of the owner of the business Bank and Owner's Equity Only bank to show that funds have been injected into the business Bank and Loan

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