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Question 89

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Use this information to answer the following question. The trial balance for Sanchez Company appears as follows:
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. 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.

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