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Question: What accounting journal entry should I use if I buy office supplies with my personal cash?
I have this receipt for some office supplies that I bought with my own money. What entry would a book keeper enter this transactin on?
The answer in the following: (Hint: The correct answer provided by the users, does not guarantee the right.)
Answer by Serge M
If you mean you bought the supplies for your employer and expect reimbursement, the entry to record the transaction by the company would be
dr – supplies inventory…….XX
cr. – Pyaable to employee ……….XX
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