3. Pisces, Inc., purchased supplies for $1,300 during 20X6. At year-end, Pisces had $800 of supplies left.

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3. Pisces, Inc., purchased supplies for $1,300 during 20X6. At year-end, Pisces had $800 of supplies left. The adjusting entry should

a. credit Supplies $800.

b. debit Supplies $500.

c. debit Supplies Expense $500.

d. debit Supplies Expense $800.

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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Question Posted: Jul 25, 2024 09:01 AM

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3. Pisces, Inc., purchased supplies for $1,300 during 20X6. At year-end, Pisces had $800 of supplies left.

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Financial Accounting International Financial Reporting Standards Global Edition

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