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The Unadjusted Trial Balance Lists Supplies with a $1,078 Balance

Question 122

Multiple Choice

The unadjusted trial balance lists Supplies with a $1,078 balance. After taking an inventory of supplies, it was found that $590 were on hand. The adjustment to Supplies Expense is a:


A) $590 debit.
B) $590 credit.
C) $488 debit.
D) $488 credit.

Correct Answer:

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