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At the Beginning of December,Global Corporation Had $2,000 in Supplies

Question 155

Multiple Choice

At the beginning of December,Global Corporation had $2,000 in supplies on hand.During the month,supplies purchased amounted to $3,000,but by the end of the month the supplies balance was only $800.What is the appropriate month-end adjusting entry?


A) Debit Cash $4,200,credit Supplies $4,200.
B) Debit Supplies $4,200,credit Supplies Expense $4,200.
C) Debit Supplies Expense $4,200,credit Supplies $4,200.
D) Debit Cash $800,credit Supplies $800.

Correct Answer:

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