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Shaman, Inc

Question 152

Multiple Choice

Shaman, Inc. purchased $325 of office supplies on account and treated the supplies as a prepaid expense. The journal entry would require a:


A) debit to Office Supplies Expense and a credit to Cash.
B) debit to Office Supplies and a credit to Cash.
C) debit to Office Supplies and a credit to Accounts Payable.
D) debit to Office Supplies Expense and a credit to Office Supplies.

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