## Related questions with answers

Posting a $2,500 purchase of office supplies on accow1t appears as follows:

$\overset{\normalsize\text{Cash}}{\begin{array}{c|c} \hline \phantom{2,500\qquad\quad\qquad}&\text{2,500\qquad\qquad\quad} \end{array}}\qquad \overset{\normalsize\text{Office Supplies}}{\begin{array}{c|c} \hline \text{\qquad\quad\qquad2,500}&\phantom{2,500\qquad\qquad\quad} \end{array}}\\ \phantom{s}\\ \overset{\normalsize\text{Office Supplies}}{\begin{array}{c|c} \hline \phantom{2,500\qquad\quad\qquad}&\text{2,500\qquad\qquad\quad} \end{array}}\qquad \overset{\normalsize\text{Accounts Payable}}{\begin{array}{c|c} \hline \text{\qquad\quad\qquad2,500}&\phantom{2,500\qquad\qquad\quad} \end{array}}\\ \phantom{s}\\ \overset{\normalsize\text{Office Supplies}}{\begin{array}{c|c} \hline \text{\qquad\quad\qquad2,500}&\phantom{2,500\qquad\qquad\quad} \end{array}}\qquad \overset{\normalsize\text{Accounts Receivable}}{\begin{array}{c|c} \hline \phantom{2,500\qquad\quad\qquad}&\text{2,500\qquad\qquad\quad} \end{array}}\\ \phantom{s}\\ \overset{\normalsize\text{Office Supplies}}{\begin{array}{l|c} \hline \text{\qquad\quad\qquad2,500}&\phantom{2,500\qquad\qquad\quad} \end{array}}\qquad \overset{\normalsize\text{Accounts Payable}}{\begin{array}{c|c} \hline \phantom{2,500\qquad\quad\qquad}&\text{2,500\qquad\qquad\quad} \end{array}}$

Solution

VerifiedFor this exercise, we will determine the correct posting of purchase of office supplies on account of $2,500.

We will illustrate the following choices and determine the correct answer.

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