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1.The unadjusted trial balance shows a $2,200 balance for the Supplies account. At the end of the period, the office manager determines that the value
1.The unadjusted trial balance shows a $2,200 balance for the Supplies account. At the end of the period, the office manager determines that the value of supplies on hand is $800. What adjusting entry will be made?
Date | Accounts and Explanations | Debit | Credit |
A. | Supplies Expense | 800 |
|
| Supplies Payable |
| 800 |
B. | Supplies Expense | 1,400 |
|
| Supplies |
| 1,400 |
C. | Supplies Expense | 800 |
|
| Supplies |
| 800 |
D. | Supplies Expense | 1,400 |
|
| Supplies Payable |
| 1,400 |
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