Multiple Choice
A company started the year with $400 of supplies.During the year,the company purchased an additional $1,200 of supplies.There were $700 of supplies on hand at the end of the year.An adjusting entry prepared at the end of the accounting period includes a:
A) debit to Supplies for $800.
B) debit to Supplies for $700.
C) debit to Supplies Expense for $900.
D) debit to Supplies Expense for $600.
Correct Answer:
Verified
Correct Answer:
Verified
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