Saturday
May 23, 2015

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

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Members