Question
24 An accrued expense adjusting entry results in O a decrease in assets and stockholders' equity O an increase in assets and a decrease in
24 An accrued expense adjusting entry results in O a decrease in assets and stockholders' equity O an increase in assets and a decrease in stockholders equity. Dan increase in expenses and a decrease in abilities O an increase in expenses and liabilities 2 pts D Question 25 2 pts Craig's Car Rental uses accrual accounting and issues monthly financial statements. On April 1, 2020 the business purchased $500 of cleaning supplies. The company's records show that $50 of cleaning supplies were used during the period. Craig's Car Rental's required adjusting entry at April 30, 2020 includes O a $450 decrease in Supplies and $450 increase in Supplies Payable O a $500 decrease in Supplies and a $500 increase in Supplies Expense O a $450 decrease in Supplies and a $450 increase in Supplies Expense O a $50 decrease in Supplies and a $50 increase in Supplies Expense
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