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    Financial Accounting
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    Exam 3: Adjusting and Closing Entries
  5. Question
    The Unadjusted Trial Balance for Supplies Shows a Normal Balance
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The Unadjusted Trial Balance for Supplies Shows a Normal Balance

Question 12

Question 12

True/False

The unadjusted trial balance for Supplies shows a normal balance of $525. If $100 of supplies were expensed, the adjusted trial balance would show a debit balance of $625 in Supplies.

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