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Business, 23.08.2021 23:10 Jaylanbeadles

Smith Company purchased $8,000 of supplies on credit. Show how to record this transaction to the T-accounts by selecting the correct answer below. A. Enter $8,000 on the left side of the Supplies account; enter $8,000 on the right side of the Cash account.
B. Enter $8,000 on the right side of the Supplies account. Enter $8,000 on the left side of the Accounts payable account.
C. Enter $8,000 on the left side of the Supplies account. Enter $8,000 on the right side of the Accounts receivable account.
D. Enter $8,000 on left side of the Supplies account; enter $8,000 on the right side of the Accounts payable account.

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