The journal entry to record this transaction consists of a: debit of the purchases account for $21400 and credit the accounts payable account for $21400
<h3>How to enter a transaction in a journal?</h3>
We are told that a company purchased $21,400 of supplies on credit.
Now, it is vital to note that in a journal, there is the credit column and also the debit column.
Now, the way we carry out recording the Journal Entry for a Credit Purchase is that;
When a business purchases goods or services on credit, the business will then debit the purchases account, which will increase the business’s assets.
The business will also credit the accounts payable account, which will increase the business’s liabilities.
Thus;
The journal entry to record this transaction consists of a: debit of the purchases account for $21400 and credit the accounts payable account for $21400
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Answer:
history the impact of pseudoscientific idea of race on the jewesh nation during the period 1933 to 1946
Answer:
the header of the income statement.
income statement
business name
the dates of the accounting period that the income statement will cover.
Atomic radii INCREASES when going DOWN a group because of more energy levels and DECREASES going ACROSS a group because of the increasing positive charge of the nucleus pulling in on the electrons.
