I ________ ________ to see my mother in West Virginia in July

Which of the following journal entries would be recorded if a business purchased $800 of office supplies on account?

A) Accounts Payable 800 Office Supplies 800 B) Office Supplies 800 Accounts Payable 800 C) Office Supplies 800 Cash 800 D) Cash 800 Office Supplies 800

A major advantage to the retail method of accounting is the _____

a. ease of bookkeeping b. accuracy of the cost complement figure c. ability to prepare a profit-and-loss statement on the basis of book inventory figures d. freedom from even having to take a physical inventory