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On June 1, Unidevo, Inc

Question 30

Multiple Choice

On June 1, Unidevo, Inc.purchased $2,300 worth of supplies on account.Prior to the purchase, the balance in the supplies account was $350.On December 31, the fiscal year-end for Unidevo, it is determined that $500 of supplies still remain.What is the balance in the supplies account after adjustment?


A) $0
B) $1,800
C) $500
D) $2,300

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