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The Balance in the Supplies Account on June 1 Was

Question 242

Multiple Choice

The balance in the supplies account on June 1 was $5,200, supplies purchased during June were $3,500, and the supplies on hand at June 30 were $3,000. The amount to be used for the appropriate adjusting entry is


A) $3,500.
B) $5,700.
C) $6,500.
D) $11,700.

Correct Answer:

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