Prepare the journal entry(ies) for the following transactions:
5/2/17 Main Street Enterprises purchased office supplies, for $2,000, on account.
6/2/17 Main Street paid for the supplies.
Date Accounts and Explanation Debit Credit
Prepare the journal entry(ies) for the following transactions:
5/2/17 Main Street Enterprises purchased office supplies, for $2,000, on account.
6/2/17 Main Street paid for the supplies.
Date Accounts and Explanation Debit Credit
5/2/17 Office Supplies 2,000
Accounts Payable 2,000
Purchased office supplies on account.
6/2/17 Accounts Payable 2,000
Cash 2,000
Paid for supplies purchased on 5/2/17
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