Question

on january 20, complete computer service purchases $200 of office supplies on account. the journal entry to record this transaction would be:

Explanation:

When a business purchases office supplies on account, it increases the Office Supplies (an asset) with a debit and increases Accounts Payable (a liability) with a credit.

• The first option has incorrect account names (Accounts Supplies is wrong, and the credit account is mislabeled).
• The third option uses Cash, but the purchase is on account, not with cash.
• The fourth option uses Accounts Receivable, which is for amounts owed to the business, not owed by the business.
• The second option correctly debits Office Supplies (to increase the asset) and credits Accounts Payable (to increase the liability for the amount owed).

Answer:

The correct journal entry option is the one labeled "I AM SURE" with:

• Date: (left blank as per the problem's table structure)
• Accounts: Office Supplies (Debit: 200), Accounts Payable (Credit: 200)