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If Supplies Have Been Used Up During the Accounting Period,the

Question 3

Multiple Choice

If supplies have been used up during the accounting period,the correct adjusting entry would be:


A) reduce the asset 'supplies' and reduce the 'supplies expense'.
B) reduce the asset 'supplies' and increase the 'supplies expense'.
C) increase the asset 'supplies' and reduce the 'supplies expense'.
D) increase the asset 'supplies' and increase 'supplies expense'.

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