On October 10, a company paid $12,000 to its suppliers, of which $2,000 was for

Question

On October 10, a company paid $12,000 to its suppliers, of which $2,000 was for supplies received on October 10 and $10,000 was for supplies received and recorded during September. The $12,000 payment would be recorded as a: Answer $10,000 debit to Supplies, a $2,000 debit to Accounts Payable, and a $12,000 credit to Cash. $12,000 debit to Supplies and a $12,000 credit to Cash. $12,000 debit to Supplies Expense and a $12,000 credit to Cash. $2,000 debit to Supplies, a $10,000 debit to Accounts Payable, and a $12,000 credit to Cash. On October 10, a company paid $12,000 to its suppliers, of which $2,000 was for supplies received on October 10 and $10,000 was for supplies received and recorded during September. The $12,000 payment would be recorded as a: On October 10, a company paid $12,000 to its suppliers, of which $2,000 was for supplies received on October 10 and $10,000 was for supplies received and recorded during September. The $12,000 payment would be recorded as a: $10,000 debit to Supplies, a $2,000 debit to Accounts Payable, and a $12,000 credit to Cash. $12,000 debit to Supplies and a $12,000 credit to Cash. $12,000 debit to Supplies Expense and a $12,000 credit to Cash. $2,000 debit to Supplies, a $10,000 debit to Accounts Payable, and a $12,000 credit to Cash. $10,000 debit to Supplies, a $2,000 debit to Accounts Payable, and a $12,000 credit to Cash. $12,000 debit to Supplies and a $12,000 credit to Cash. $12,000 debit to Supplies Expense and a $12,000 credit to Cash. $2,000 debit to Supplies, a $10,000 debit to Accounts Payable, and a $12,000 credit to Cash.

Explanation / Answer

$2,000 debit to Supplies, a $10,000 debit to Accounts Payable, and a $12,000 credit to Cash.

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