Monday
September 1, 2014

Homework Help: accounting

Posted by joanna on Sunday, August 25, 2013 at 3:05pm.

. On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. How does this transaction affect Green Pea's accounts?
a. Increase supplies and accounts payable by $1,200
b. Increase supplies and decrease cash by $1,200
c. Increase supplies and decrease accounts payable by $1,200
d. No effect since cash has not been paid

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