Multiple Choice
Supplies originally cost $600,but only $150 worth of supplies were used this period.The adjusting entry would be
A) debit Supplies Expense,$150; credit Supplies,$150.
B) debit Supplies Expense,$450; credit Supplies,$450.
C) debit Supplies,$150; credit Supplies Expense,$150.
D) debit Supplies,$450; credit Supplies Expense,$450.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: In the columns below,insert the entry that
Q2: Adjusting entries may affect the cash account.
Q3: A method of accounting under which revenues
Q4: The period of time that an asset
Q5: What does the credit balance in the
Q7: The cost of plant assets less the
Q8: Adjusting entries does not always affect both
Q9: The amount of depreciation taken each period
Q10: The modified cash basis of accounting combines
Q11: The 10-column work sheet is used to