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Arielle W. bought furniture on credit from Chanel. Which of the following journal entries will be made for this transaction in Arielle W. books?

(A) Dr. Furniture Cr. Cash

(B) Dr. Purchases Cr. Arielle W.

(C)Dr. Arielle W. Cr. Purchases

(D)Dr. Furniture Cr. Arielle W. 

Accounting Investments Financial Accounting Finance
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Question added by Sultan Alghamdi
Date Posted: 2016/02/11
Upvote (1) Views (20) Followers (7) Answers (6) Report Question
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VATABATHRASAYE VENKATAVARADHAN SRINIVASAN
by VATABATHRASAYE VENKATAVARADHAN SRINIVASAN , ASSISTANT AUDIT OFFICER , HR AND CE DEPARTMENT

 Furniture  A/c Dr.

To Chanel A/c 

(being furniture purchased on credit)

Rahul Tiwari
by Rahul Tiwari , Team Leader Investment , Policybazaar.com

Dr. Furniture Cr. Chanel

(being furniture purchased on credit from chanel)

NALINEE DEVI CAULLYCHURN
by NALINEE DEVI CAULLYCHURN , Senior Accounts Officer , Super Construction Co Ltd

Dr. Furniture Cr. Chanel

Angelo Carpio
by Angelo Carpio , INMA - Supervisor & Azmeel - QA/QC Manager , INMA Woodworks & Azmeel Contracting Company

Person who is specialize in making furniture.

Muhammad Ishaque Mohamed Ibrahim
by Muhammad Ishaque Mohamed Ibrahim , Finance Coordinator (Bank Relation, import) , Saudi Fisheries Company

"B" is the correct  Dr. Purchases Cr. Arielle W.

Ahmed Alkhateb
by Ahmed Alkhateb , Independent Accounting , Self employed

I believe the answer is (D)Dr. Furniture Cr. Arielle W. 

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