Solved

Samantha's Design Studio Showed Office Supplies Available of $1,000  Office Supplies 1,000 Office Supplies Expense 1,000\begin{array}{l|l}\text { Office Supplies } & 1,000 \\\hline \text { Office Supplies Expense } && 1,000\end{array}

Question 90

Multiple Choice

Samantha's Design Studio showed office supplies available of $1,000.A count of the supplies left on hand as of June 30 was $500.The adjusting journal entry is:


A)
 Office Supplies 1,000 Office Supplies Expense 1,000\begin{array}{l|l}\text { Office Supplies } & 1,000 \\\hline \text { Office Supplies Expense } && 1,000\end{array}
B)
 Office Supplies Expense 1,000 Office Supplies 1,000\begin{array} { |c | l l| } \hline \text { Office Supplies Expense } & 1,000 & \\\hline \text { Office Supplies } & & 1,000 \\\hline\end{array}
C)
 Office Supplies 500 Office Supplies Expense 500\begin{array}{l|}\text { Office Supplies } &500\\\hline \text { Office Supplies Expense }&&500\end{array}
D)
 Office Supplies Expense 500 Office Supplies 500\begin{array} { | c | l | } \hline \text { Office Supplies Expense } & 500 \\\hline \text { Office Supplies } & 500\\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions