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A company prepares the following journal entry. In posting this transaction to T-accounts, which of...

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Accounting

A company prepares the following journal entry. In posting this transaction to T-accounts, which of the following will be required?

Date Account Title Debit Credit
July 1 Supplies 2,000
Cash 2,000
(Purchase supplies with cash)

Multiple Choice

Post $2,000 on the left side of the Cash T-account

Post $2,000 on the left side of the Supplies T-account

Post $2,000 on the right side of the Supplies T-account

None of these.

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