$800 of supplies were purchased at the beginning of the month and the Supplies account was increased. As of the end of the period, $200 of supplies still remain.
Which of the following is the correct adjusting entry?
a. Supplies expense would be debited for $600.
b. Supplies expense would be debited for $200
c. Supplies would be credited for $200.
d. Supplies would be debited for $200.
Answers: 1
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$800 of supplies were purchased at the beginning of the month and the Supplies account was increased...
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