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A Company Started the Year with $400 of Supplies

Question 101

Multiple Choice

A company started the year with $400 of supplies.During the year the company purchased additional supplies costing $1,600.There were $800 of supplies on hand at the end of the year.An adjusted trial balance prepared at the end of the accounting period will show the following balance in Supplies Expense:


A) $600.
B) $800.
C) $1,200.
D) $1,600.

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