Multiple Choice
Use this information to answer the following question. The trial balance for Sanchez Company appears as follows: If on December 31, 2010, supplies on hand were $20, the adjusting entry would contain a
A) credit to Supplies for $20.
B) credit to Supplies Expense for $130.
C) debit to Supplies Expense for $130.
D) debit to Supplies for $20.
Correct Answer:

Verified
Correct Answer:
Verified
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