Solved

The Trial Balance for Greenway Corporation Appears as Follows

Question 240

Multiple Choice

The trial balance for Greenway Corporation appears as follows: The trial balance for Greenway Corporation appears as follows:   If, on December 31, 2014, supplies on hand were $20, the adjusting entry would contain a: A)  debit to Supplies for $20. B)  credit to Supplies for $20. C)  debit to Supplies Expense for $120. D)  credit to Supplies Expense for $120. If, on December 31, 2014, supplies on hand were $20, the adjusting entry would contain a:


A) debit to Supplies for $20.
B) credit to Supplies for $20.
C) debit to Supplies Expense for $120.
D) credit to Supplies Expense for $120.

Correct Answer:

verifed

Verified

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

Related Questions