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Paul [167]
3 years ago
5

On January 14, Whispering Winds Corp. purchased supplies of $460 on account. The entry to record the purchase will include

Business
1 answer:
leonid [27]3 years ago
3 0

Answer:

Debit : Supplies  $460

Credit : Accounts Payable $460

Explanation:

The entry to record the purchase of supplies will include a Debit to Asset Account - Supplies and a Credit to Liability Account - Accounts Payable at value of $460.

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Since, both input and output are fixed, the input can’t be decreased. Each of them has to be fixed in directive to vary the association among them. (It can be fixed contribution, or fixed production or neither one of them is fixed)

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