On june 1st green pea inc purchased 1200 worth of supplies, Accounting Basics

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On june 1st green pea inc purchased 1200 worth of supplies

On June 1st, Green Pea, Inc. purchased $1,200 worth ofsupplies on account. How does this transaction affect Green Pea'saccounts?

a. Increase supplies and accounts payable by $1,200

b. Increase supplies and decrease cash by $1,200

c. Increase supplies and decrease accounts payable by$1,200

d. No effect since cash has not been paid

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Accounting Basics: On june 1st green pea inc purchased 1200 worth of supplies

Reference No:- TGS0597505

Have a Question? (oR Write a Review)

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Request for Solution File

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Accounting Basics: On june 1st green pea inc purchased 1200 worth of supplies

Reference No:- TGS0597505

Recent Questions Asked Accounting Basics

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