To record the purchase of supplies for cash, the correct entry in the accounting equation would include an increase to (equipment/cash/supplies) and a decrease to (e/c/s)

The answer is increase supplies and decrease cash

Explanation:

The correct entry is to:

Dr Supplies

Cr Cash

To debit supplies account means to increase it while to credit cash means decrease cash account.

Note:

Increase in asset and expense(debit side) while decrease in asset and expense(credit side)

Decrease in income, equity and liability(debit side) while increase in income, equity and liability( (credit side)

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer(d) all of the choices are correct;