In a(n) ________ inventory system, an order is placed for a variable amount after a fixed passage of time

A business purchases $500 of office supplies on account. Which of the following accounts is debited?

A) Cash B) Accounts Payable C) Office Supplies D) Utilities Expense

Thomas bought a toaster that would not toast bread and returned it. The manufacturer accepted the return because it was defective and had a full warranty.

a. true b. false