Multiple Choice
A company had $5,645 of supplies on hand on January 1. On December 31, a physical count showed $3,000 of supplies remained. The adjusting entry would require a:
A) debit to supplies expense of $3,000.
B) credit to supplies expense of $3,000.
C) debit to supplies expense of $2,645.
D) credit to supplies expense of $2,645.
Correct Answer:
Verified
Correct Answer:
Verified
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