Question

You are a manager for an office supply company. Your son needs supplies for a science project due by the end of the week. It will be another week before you get paid. What should you do?

Answer 1

register this as a credit transaction waiting for payment processing

Step-by-step explanation:

The best thing to do in this scenario would be to take the supplies and register this as a credit transaction waiting for payment processing. That way there is a financial journal entry stating where the supplies went and that they are not missing. Then when you get paid next week you can simply pay for the supplies and change the transaction as completed/paid.