jenna jeffries started her business baking dog treats by investing cash of $1,000. during may, its first month of operations, jenna's barkery had revenues of $3,000, all of which was collected in cash. she paid her assistant $1,000 in cash and purchased $200 of supplies on account. the business paid cash dividends of $500. jenna will record the purchase of the supplies by question 26 options: increasing supplies and decreasing cash. increasing supplies expense and decreasing accounts payable. increasing supplies and increasing accounts payable. increasing supplies expense and decreasing supplies.



Answer :

Other Questions