Multiple Choice
At the beginning of the fiscal year,office supplies inventory amounted to $600.During the year,office supplies amounting to $8,800 were purchased.This amount was debited to office supplies expense.An inventory of office supplies at the end of the fiscal year showed $400 of supplies remaining.The beginning of the year balance is still reflected in the office supplies inventory account.What is the required amount of the adjustment to the office supplies expense account?
A) $9,000 debit
B) $200 debit
C) $8,400 credit
D) $8,800 credit
Correct Answer:

Verified
Correct Answer:
Verified
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