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For the following transactions, indicate the account debited and the account credited. Transactions Debit Credit
a. Supplies are purchased on account. enter a debited account enter a credited account
b. Cash is received on signing a note payable. enter a debited account enter a credited account
c. Employees are paid salaries in cash. enter a debited account

Respuesta :

Answer and Explanation:

The debit account and credit account is

a. Supplies is in debit side and account payable is in credit side

b. Cash is in debit side and note payable is in credit side

c. Salaries expense is in debit side and cash is in credit side

Debit side denotes debit account and credit side denotes credit account

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