On march 3, mauer moving buys $7,500 of supplies from general products. mauer does not provide any payment at the time of purchase but agrees to reimburse general in full within 30 days. when posting the journal entries related to this transaction, mauer credits supplies for $7,500 and debits accounts payable for $7,500. which of the following statements best describes the results of this posting? a : in mauer’s general ledger, the ending balance for the supplies account will be too high, while the ending balance for the accounts payable account will be too low.
b : in mauer’s general ledger, the ending balances for both the supplies account and the accounts payable account will be too low.
c : in mauer’s general ledger, the ending balance for the supplies account will be too low, while the ending balance for the accounts payable account will be too high.
d : in mauer’s general ledger, the ending balances for both the supplies account and the accounts payable account will be too high