Prepare a journal entry for the purchase of office supplies on September 30 for $2,500, paying $800 cash and the remainder on account.

Prepare a journal entry for the purchase of office supplies on September 30 for $2,500, paying $800 cash and the remainder on account.

Answer:

Sept. 30 

Office Supplies 2,500

                     Cash 800

                     Accounts Payable 1,700