On January 14, Welsford Agency purchased supplies of $500 on account. When the company records the purchase it will include an increase to A : Supplies and an increase to Accounts Payable. B : Supplies and a decrease to Cash. C : Accounts Receivable and a decrease to Supplies. D : Supplies Expense and an increase to Accounts Receivable.
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Home » Business » On January 14, Welsford Agency purchased supplies of $500 on account. When the company records the purchase it will include an increase to A : Supplies and an increase to Accounts Payable. B : Supplies and a decrease to Cash.