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How do you do this journal entry?

We are doing a Rico Sanchez Disk Jockey project. and im stuck on this. It says: Bought equipment supplies on account from Electronics Unlimited, $175.00. M2. Would equipment supplies be debited and then Accounts Payable-Electronics unlimited would be credited? or would cash get credited?

Public Comments

1. No, you are right the first time. Equipment supplies and accounts payable is correct. Buying something 'on account' means no cash was exchanged at the time, basically on credit.