A Transaction is an exchange of value, such as a purchase, a sale, or the conversion of raw materials into a finished product.
A transaction is a completed agreement between any buyer and any seller in order to exchange goods or services and financial assets in return for money.
The term transaction is also generally used in the corporate accounting. In the business bookkeeping, this plain definition could get tricky. A transaction can be recorded by a company earlier and later depending on whether it uses accrual accounting or cash accounting.
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The quantity of products that people are willing to buy at different prices at a specific time is called:__________
The quantity of products that people are willing to buy at different prices at a specific time is called quantity demanded.
Quantity demanded is a term which is used in economics to describe the total amount of goods and services which the consumers demand over a given period of time.
It depends upon the price of a good and service in the marketplace, regardless of whether the market is in equilibrium or not.
The relationship between the quantity demanded and the price of the good is known as the demand curve or in other words it can be the demand.
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If a store runs a sale on a product to clear out its stock, we can conclude that:____.
If a store runs a sale on a product to clear out its stock, we can conclude that there was a surplus of the product in the store.
When a product's supply and demand diverge, or when a small number of buyers are willing to pay more than the vast majority of buyers, there is a surplus. In theory, there should be neither a surplus nor a deficit of a good when it is sold for a fixed price that everyone is willing to pay.
Product surplus is the region that is above the supply level and below the equilibrium price.
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West company has $200 cash, $1,200 land, $600 liabilities and $800 stockholders' equity. west has earned profits every year since its inception. based on this information, ______.
Based on this information, West may be forced to sell its land in order to pay its debt.
What are debts and assets?Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions.
An asset is a resource that is owned by a business that can be used to create economic value of the economic actor. Cash is an example of a liquid asset. Land is an illiquid asset.
Stockholders equity is the difference between assets and liabilities. Even though, assets is greater than liabilities, the liquid asset is less than liability. Thus, the business might have to sell its land to pay the debt.
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2.1 Answer questions on the business opportunity and related factors Develop a research instrument that can be used to assess customers' buying behaviour for any product of your choice.
Consumer market research employs two research methods: Qualitative and Quantitative.
1. Qualitative Consumer Research
Focus Groups: As the name implies, focus groups are small groups of highly validated subject experts who gather to analyze a product or service.
One-on-one Interview is a more conversational method in which the researcher asks open-ended questions to the respondents in order to collect data.
Text analysis is a qualitative research method in which researchers analyze social life by decoding words and images from available documents.
2.Quantitative consumer research is all about statistics and numbers. A savvy consumer who makes frequent purchases can attest to how consumer-centric businesses have evolved in recent years.
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Over the past year, how often did monroe manufacturing sell and replace its inventory?
The inventory turnover for Monroe Manufacturing is 21.86
How do we determine the frequency of inventory turnover?
Inventory turnover, the number of times Monroe Manufacturing sells and replenishes its inventory can be determined using the formula below:
inventory turnover=annual sales/ inventory
annual sales= $400,000
total current assets=cash+ accounts receivable+inventory
total current assets=$61,000
cash=$27,450
accounts receivable=$15,250
inventory=unknown(assume it is x)
$61,000=$27,450+$15,250+x
x=$61,000-$27,450-$15,250
x=$18,300
inventory turnover=$400,000/$18,300
inventory turnover=21.86x
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Full question?
Monroe Manufacturing has a quick ratio of 2.00x, $27,450 in cash, $15,250 in accounts receivable, some inventory, total current assets of $61,000, and total current liabilities of $21,350. The company reported annual sales of $400,000 in the most recent annual report.
Over the past year, how often did Monroe Manufacturing sell and replace its inventory?
If the company reported annual sales of $800,000 in the most recent annual report. how often Monroe Manufacturing will sell and replace its inventory is: 34.41x.
InventoryUsing this formula
Inventory=Annual sales/[Total current assets-(Total current liabilities× Quick ratio)]
Let plug in the formula
Inventory=$800,000/[$77,500 - ($27,125 x 2)]
Inventory=$800,000/[$77,500 -$54,250]
Inventory=$800,000/$23,250
Inventory=34.408x
Inventory=34.41x
Therefore If the company reported annual sales of $800,000 in the most recent annual report. how often Monroe Manufacturing will sell and replace its inventory is: 34.41x.
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The complete question is:
Monroe Manufacturing has a quick ratio of 2.00x, $34,875 in cash, $19,375 in accounts receivable, some inventory, total current assets of $77,500, and total current liabilities of $27,125. The company reported annual sales of $800,000 in the most recent annual report.
Over the past year, how often did Monroe Manufacturing sell and replace its inventory?
2.86x
37.85x
34.41x
8.01x
When workers focus on rules and regulations rather than the goals and services of an organization. this is known as?
when employees pay more attention to rules and regulations than the objectives and services of a business this is known as "Ritualism"
What is Ritualism?
The strain theory of Robert Merton is the foundation of ritualism. He asserts that social tension results from an unequal distribution of resources among society's members in order to uphold cultural norms and objectives. Merton provided five responses that people use to adapt to the structure of the society, including conformity (which is to accept the cultural goals and values and use institutionalized means to achieve them), innovation, and alternative means of achieving goals when one lacks the resources to do so (this is to accept the cultural goals and values however no using the institutionalized means to achieve them),
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The cost of a plant asset includes the following? depreciation expense disposal cost purchase price cost to prepare it for use
TRUE, the cost of a plant asset includes depreciation expense disposal cost purchase price cost to prepare it for use.
The monetary value of an asset decreases over the years because of use, wear and tear or obsolescence. This lower is measured as depreciation. Description: Depreciation, i.e. a lower in an asset's cost, can be as a result of some of other factors as nicely including detrimental market conditions, and so on.
Depreciation represents the predicted discount in cost of a hard and fast property within a fiscal yr. Tangible belongings, along with homes, systems, cars and so forth, are purchased in massive lump sums.
An example of Depreciation – If a shipping truck is purchased by using a business enterprise with a fee of Rs. 100,000 and the expected usage of the truck are five years, the commercial enterprise may depreciate the asset under depreciation cost as Rs. 20,000 every 12 months for a duration of 5 years.
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Answer: Purchase price and the Cost to prepare it for use. That is the correct answer.
Explanation: The cost of a plant asset includes all necessary and reasonable expenditures to acquire it and prepare it for its intended use.
A retailer that allowed its employees to handle a customer complaint without having to ask for permission or direction from management would have:______.
A retailer that allowed its employees to handle a customer complaint without having to ask for permission or direction from management would have: empowered its employees to help customers.
Who is a retailer?A retailer can be defined as someone that buy goods directly from the wholesaler and sell the goods to consumer or end user.
A retailer can tend to empowered their employee or workers to assist customers by telling them to handle customer complaint without the employee having to ask for permission from management before handling their customers complaint.
Therefore retailers can empowered its employees to help customers.
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If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of:______
Still, the information is said to have the quality of the community, If an investor can use counting information for two different companies to estimate the types and quantities of charges.
Community: is the degree of standardization of account data that enables the comparison of the fiscal accounts of several enterprises. The druggies of fiscal statements demand this, which is an abecedarian demand of fiscal reporting
If an investor can use accounting information for two different companies to evaluate the types and amounts of expenses, the information is said to have the quality of Comparability.
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Ow the people are selected, trained, and managed determines to a large extent how ________ an organization will be.
How the people are selected, trained, and managed determines to a large extent and how successful an organization will be.
Human resource management (HRM)Human resource management (HRM) is the process of finding, selecting, deploying, and overseeing people for a business. Human resources, or HRM, is another name for it (HR). The HR department of a corporation or organization is typically in charge of formulating, implementing, and monitoring the regulations governing workers and the interaction between the company and its employees. In order to collectively refer to all of the individuals who work for the business, the phrase "human resources" was initially used in the early 1900s and then became increasingly popular in the 1960s.
HRM, or human resource management, is the management of personnel with a focus on them as a company's assets.
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If a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high?.
No, If a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high.
What does net cash flow tell you?
Net cash flow is the gain or loss in money over a time period (after all debts have been paid). A company is said to have positive cash flow if, after paying all of its operational expenses, it still has cash left over.What increases a firm's cash balance?
Companies can boost their cash flow through increasing revenue, collecting past-due bills, controlling expenses, and engaging in financing and investing operations.
What is the difference between net cash flow and cash balance?
The cash balance difference between two successive time periods is the net cash flow when utilizing a balance sheet. The net cash flow from operating, investing, and financing transactions is calculated by adding up all of the revenues and outlays for a certain time period and showing it on the cash flow statement.Learn more about net cash flow
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Galaxy corporation issues 500 shares of $1 par value common stock for $5,000. what is the total effect on owners' equity
Answer: Increases $5,000
Explanation:
In the role of ______, managers seek to improve their businesses, adapt to changing market conditions, and react to opportunities as they present themselves.
In the role of entrepreneur, managers seek to improve their businesses, adapt to changing market conditions, and react to opportunities as they present themselves.
Managers who play the part of entrepreneurs work to make their companies better, adjust to shifting market conditions, and take advantage of opportunities as they arise.
Implementing strategies for bringing about change, managing change, and assisting people in adapting to change is the goal of change management.
A manager is responsible for tasks like staffing, directing, controlling, and planning. All of these tasks are crucial for successfully managing an organization and accomplishing corporate goals. Setting goals and developing techniques for synchronizing activities both involve planning.
Managerial positions that require managers to make thoughtful, timely judgments for the benefit of the organization are known as decisional roles.
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After data has been collected, researchers sometimes find patterns that are unexpected, but nonetheless surprising and exciting. these types of patterns are known as:_____.
The answer is Serendipitous.
After data has been collected, researchers sometimes find unexpected but surprising and exciting patterns. These types of patterns are known as Serendipitous. Serendipitous patterns are happy and surprising patterns that seemingly occur due to opportunity and often occur when we are searching for something else. They give pleasure when it occurs in our everyday lives and has been reliable for many innovations and meaningful advancements in science and technology. Such types of events are also referred to as Serendipity.
Serendipity in research is often discovering the unpredictable, which, when identified, cheerfully alters the course of the research for good. It is often unrecognized what is discovered. It may appear strange to refer to opportunity when conferring science. Scientific research apparently functions in a very systematic, straightforward, and regulated way, with no space for a chance in any scope of the investigation. In fact, possibility plays an essential role in science and technology and has been accountable for some significant findings in history. In science, though, chance doesn't have quite the exact meaning as it accomplishes in day-to-day life.
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When using ________, a consumer exerts little effort in making a purchase decision. group of answer choices
When using habitual decision making , a consumer exerts little effort in making a purchase decision.
What is consumer exerts?
There are five fundamental steps in the decision-making process for consumers. Consumers use this technique to weigh their options before making a purchase. Problem identification, information search, alternative assessment, buy decision, and post-purchase evaluation are the five steps. Consumer motivation is an underlying condition that propels individuals to recognise and purchase goods and services that satisfy both conscious and unconscious needs and desires. When such wants are met, people may be inspired to make additional purchases or look for different products and services to better meet those needs.
Therefore,
When using habitual decision making , a consumer exerts little effort in making a purchase decision.
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When a negative real shock hits the economy, in the absence of any monetary intervention?
When a negative real shock hits the economy, without monetary intervention, both inflation and real growth will decline.
Inflation can be defined as an increase in prices, which can be translated as a decrease in purchasing power over time. The rate of decline in people's purchasing power can be reflected in the increase in the average price of a selected basket of goods and services over a period of time. An increase in price, which is often expressed as a percentage, means that one unit of currency is effectively buying less than it did in the previous period. Inflation can be contrasted with deflation, which occurs when prices fall and people's purchasing power increases.
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Iana has grown dramatically and now oversees five __________ that parcel out ip addresses to large isps and major corporations.
IANA has grown dramatically and now oversees five Internet Corporations for Assigned Names and Numbers (ICANNs) that parcel out IP addresses to large ISPs and major corporations.
What is IANA?The Internet Assigned Numbers Authority (IANA) is an organization that sets standards for various online based essential services such as IP address allocation and root zone management.
Since being established by the United States, they have grown to be more global and this is evidenced by the fact they now oversee five Internet Corporations for Assigned Names and Numbers (ICANNs).
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Under armour's recent expansion into the digital personal health and fitness tracking market through acquisitions of three fitness app companies is a ________ strategy.
Under Armour's recent expansion into the digital personal health and fitness tracking market through acquisitions of three fitness app companies is a Diversification strategy.
The process of diversification involves investing in a range of various assets. Diversification tries to lower an investment portfolio's overall risk without lowering its potential returns.Concentric diversification is the creation of new goods and services that are interchangeable with those you presently market. For instance, an orange juice company introduces a brand-new "smooth" orange juice beverage alongside their flagship orange juice "with chunks."What three benefits does diversity offer?Diversification lowers risks, evens out returns, and enhances portfolio performance over the long run.To Learn more about diversification, Click the links.
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International business differs from domestic business in that a firm operating across borders must deal with the forces associated with which three kinds of environments?
International business differs from domestic business in that a firm operating across borders must deal with the forces associated with which three kinds of environments domestic, foreign, and international.
What is an example of an external force that can affect a company's environment?
The elements outside of a company's control that have an impact on operations and success are known as external effects. Government laws, economic downturns, population demography, and technology are a few examples.Which environment refers to all the uncontrollable forces originating outside the home country that surround and influence the firm?
The uncontrollable variables that surround and have an impact on the life and development of the firm make up the global environment. The article defines the international environment as all external, uncontrollable influences that surround and have an impact on the firm.Learn more about company's environment
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The townsquare tattler, a gossip tabloid, has decided to do some market research to help it sell more advertising. what should it seek to learn through its research?
For the townsquare tattler, what it should have to seek to learn through research would be the The demographic profile of its audience.
What is a market research?This is the term that is used to refer to the type of research that occurs in the market where the person that is developing the product would have to check out the viable market for the product they are making.
The goal is to get the target customers and the buyers of the products that they are making in the market. Hence we can say that for the townsquare tattler, what it should have to seek to learn through research would be the The demographic profile of its audience.
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All of the following are forces that create high rivalry within an industry except? high fixed costs. equally balanced competitors. fast industry growth. high storage costs.
The forces that do not create high rivalry within an industry is fast industry growth.
What does competition entail in business, and what forms are there?Competitive rivalry is a gauge of how intensely existing firms compete with one another. Profits may be hampered by intense competition, which may result in price reductions, higher advertising costs, or investments in service/product innovation and upgrades.
There are three primary types of conflict:
1) Biological rivalry;
2) personal or conscious rivalry; and
3) industrial and commercial rivalry.
The competition between the football teams of two nearby high schools is an illustration of a rivalry. the relationship between two or more rivals who frequently compete against one another. The phrase usually refers to two rivals. The Montreal Canadiens and Boston Bruins share a long-standing rivalry.
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If a 15% increase in price for a good results in a 20 percent decrease in quantity demanded, the price elasticity of demand is.
If a 15% increase in price for a good result in a 20 percent decrease in quantity demanded, the price elasticity of demand is 1.33
Price Elasticity of Demand = Change in Demanded Quantity / Change in Price
Demand Elasticity at Price = 20 / 15
Demand Elasticity at Price = 1.33
Price elasticity of demand is the term used to describe the relationship between the percentage change in a product's quantity sought and the percentage change in price.
Price Elasticity of Demand (PED) measures how consumers' purchasing choices are impacted by price fluctuations. In other words, it establishes the relationship between price, demand, and the way it reacts to price changes.
Five types of price elasticity of demand are:
Perfectly Elastic Demand
Elastic Demand
Perfectly Inelastic Demand
Inelastic Demand
Unitary Demand
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Which products need to be widely available so the customer can pick them up without much thought?
Low-effort products must be widely accessible so that consumers can choose them without having to ponder. More consumer activity will be directed toward high-involvement products.
They are the product itself, its benefits over competing items of a similar nature, and the value the product offers. A retailer's capacity to satisfy consumer demand at a certain item is referred to as product availability. To assist customers in planning and decision-making, retailers may offer comprehensive information regarding product availability.
The key to your retail company' success is consistent product availability since it gives you the framework for your merchandising and attracts your target market by giving them the things they need to meet their demands.
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if an individual only consumes goods x and y and is currently maximing her total benefits, which of the following must be true
if an individual only consumes goods x and y and is currently maximizing her total benefits, then all of the statements must be true.
The sum of marginal benefits is the total benefit. The net benefit a consumer receives from consuming a specific amount of a good is measured by consumer surplus. The Account Aggregate of all defined contribution plans within an Aggregation Group and the Cumulative Accrued Benefit of all defined benefit plans within an Aggregation Group is added to determine the Total Benefit. It can be conceptualized as the discrepancy between the consumer's willingness to pay and actual payment. The marginal benefit rule states that by selecting the quantity at which marginal benefit equals marginal cost, we can maximize the net benefit of any activity. The activity's net benefit is maximized at this amount.
Note that the full question is:
If an individual only consumes goods X and Y and is currently maximizing her total benefits, which of the following must be true?
-no other consumption choice can make total benefits greater
-the "equal bang for the buck" rule is adhered to
-the marginal benefits per dollar spent are the same for both goods
-MBx/Px=MBy/Py
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Your company is migrating its services to the aws cloud. the devops team has heard about infrastructure as code, and wants to investigate this concept. which aws service would they investigate?
AWS CloudFormation is a service that helps you model and set up your Amazon Web Services resources so that you can spend less time managing those resources and more time focusing on your applications that run in AWS.
What is AWS?The most complete and widely used cloud platform in the world, Amazon Web Services (AWS), provides over 200 fully functional services from data centers across the world. Millions of clients use AWS to save costs, increase agility, and accelerate innovation, including the largest corporations, most successful governmental organizations, and the fastest-growing startups.
the majority of capacity
Compared to other cloud providers, AWS offers a significantly greater number of services and features within those services, ranging from infrastructure technologies like computing, storage, and databases to cutting-edge technologies like artificial intelligence, machine learning, data lakes, and the Internet of Things. As a result, moving your current applications to the cloud is quicker, simpler, and more cost-effective, and you can construct almost anything you can think of.
largest consumer and partner community
With millions of active customers and tens of thousands of partners worldwide, AWS has the largest and most vibrant community. Every conceivable use case is being performed on AWS by customers from almost every industry and of every size, including startups, large corporations, and government agencies. Tens of thousands of independent software vendors (ISVs) and thousands of systems integrators who specialize in AWS services make up the AWS Partner Network (APN). ISVs adapt their technology to work on AWS.
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Rush company had net income of $192 million and average total assets of $1,950 million. its return on assets (roa) is:________
Rush company had net income of $192 million and average total assets of $1,950 million. Its return on assets ROA is 0.0985. Return on assets = Net income / average total assets. $192 million / $1,950 million = 0.098
ROA in investments. ROI is decided by watching the profits generated through invested capital while ROA is found by Rush company gazing company profitability after the acquisition of assets like manufacturing equipment and technology.
ROA shows the number of profit created by business investments from major shareholders. ROI measures the share return on an investment, while ROE measures the share return on the Rush company equity that has been invested. Return on assets (ROA) could be a measure of how efficiently a corporation uses the assets it owns to come up with profits.
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How would an additional cash recovery of a previously written-off account receivable effect the average collection period?
The income statement is unaffected by the recovery of an uncollectible account when the allowance technique is applied. Only cash, provision for doubtful accounts, and accounts receivable are impacted. The collection results in an increase in operating cash flow.
What is Average Collection Period?The average collection period is the length of time it takes for a company to obtain accounts receivable payments due from its clients (AR). To make sure they have enough cash on hand to cover their financial responsibilities, businesses employ the average collection period.
For businesses that largely rely on receivables for their cash flows, the average collection period is a crucial number since it shows how well a company manages its accounts receivable.
An accounting indicator known as the average collection period is used to show the typical number of days that pass between the date of a credit sale and the day that the buyer submits payment.
The success of a company's AR management strategies can be determined by looking at its average collection period. For operations to run successfully, businesses must be able to control their typical collecting period.
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If there is a debit balance in manufacturing overhead after overhead has been applied to all jobs it means overhead was:_________
If there is a debit balance in manufacturing overhead after overhead has been applied to all jobs it means overhead was more than the overhead costs applied to jobs.
What is a manufacturing overhead?In manufacturing, an overhead means the ongoing costs to operate a business but excludes the direct costs associated with creating a product or service: it be fixed, variable, or a hybrid of both
As it means an ongoing business expenses not directly attributed to creating a product or service, it is also important for budgeting purposes and for determining how much a company must charge for its products or services to make a profit. In short, it is used to support the business while not being directly related to a specific product or service..
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The ______ form of managment holds that there are no universal management theories
The contingency approach is a form of management holds that there are no universal management theories.
Contingency approach to management tells that there is no single textbook rule to manage an organization or universal management theories.The contingency approach is also known as situational approach. In every business organization the best approach will be contingent upon internal and external needs of that organization.
Moreover, the Contingency Management theory tells that if leaders have good relationships with employees they will be able to exert more influence.
Contingency Management theory tells that organizations are open systems that need careful management to satisfy and balance internal needs and to adapt to environmental circumstances. Furthermore, there is no best way of organizing. The appropriate form depends on the task or environment within which the organization is operating. Therefore Contingency Management theory claims that there is no best way to organize a corporation, to lead a company, or to make decisions.
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Brown company purchased $900 of supplies on credit. illustrate how to record the transaction to t-accounts by completing the following sentence. accounts payable would be?
The statement has been completed as follows:-
Accounts payable would be credited on the right side and supplies would be debited on the left side.
What is accounts payable?Accounts payable (AP) is a financial word that refers to the money owing to suppliers or vendors for products or services acquired on credit. It is the bill that company needs to pay.
Accounts payable which are also known as Bills payables are credited on the right side, while supplies are debited on the left. Therefore, it can be concluded that payable would be credited and supplies would be debited in the journal entry.
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Your question is incomplete, but most probably the full question was….
Accounts payable would be ______on the ____ side and supplies would be ______on the _____side
