Prepare a journal entry for the purchase of office supplies

Prepare a journal entry for the purchase of office supplies on September 30 for $22,150, paying $4,400 cash and the remainder on account. If an amount box does not require an entry, leave it blank.

Solution

Date Account Titles Debit Credit September 30 Office Supplies $ 22,150 Cash $ 4,400 Accounts Payable ($ 22,150 -$ 4,400) $ 17,750