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The Balance in the Office Supplies Account on May 1

Question 31

Multiple Choice

The balance in the office supplies account on May 1 was $6,380, supplies purchased during June were $4,740, and the supplies on hand at May 31 were $2,360.The amount to be used for the appropriate adjusting entry is:


A) $8,740.
B) $4,740.
C) $8,760.
D) $13,480.

Correct Answer:

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