Question

Cooper Law Offices has the following source document from one of its suppliers: Allen Office Supplies Description Quantity Price per unit Total Legal paper 100 $ 15 $ 1,500 Ink cartridge 40 $ 30 $ 1,200 $ 2,700 Invoice Number:

Answer 1

Answer:

Debit Supplies; Credit Accounts Payable for $2,700

Explanation:

Calculation to determine What should Cooper record on the date of the purchase

Based on the information given since the TOTAL OFFICE SUPPLIES is the amount of $2,700 calculated as Legal paper $1,500+ Ink cartridge $1,200 which means that the appropriate journal entry that Cooper should record on the date of the purchase will be :

Debit Supplies $2,700

Credit Accounts Payable $2,700

($1,500+$1,200)

(To record office Supplies)