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The Balance in the Office Supplies Account on June 1

Question 60

Multiple Choice

The balance in the office supplies account on June 1 was $5,200, supplies purchased during June were $2,500, and the supplies on hand at June 30 were $2,000. The amount to be used for the appropriate adjusting entry is


A) $4,500.
B) $2,500.
C) $9,700.
D) $5,700.

Correct Answer:

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