first rentals purchased office supplies on credit. the general journal entry made by first rentals will…

first rentals purchased office supplies on credit. the general journal entry made by first rentals will include a: multiple choice debt to accounts payable. debt to accounts receivable. credit to cash. credit to accounts payable. credit to accounts receivable.

first rentals purchased office supplies on credit. the general journal entry made by first rentals will include a: multiple choice debt to accounts payable. debt to accounts receivable. credit to cash. credit to accounts payable. credit to accounts receivable.

Answer

Brief Explanations:

When a company purchases office supplies on credit, it increases its liability (Accounts Payable) and its assets (Office Supplies). A credit entry is made to Accounts Payable to record the amount owed to the supplier.

Answer:

D. Credit to Accounts Payable