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29. Purchases of supplies are recorded in the Supplies Expense account. Supplies Expense has a balance of $3,750 at the end of the month. The

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29. Purchases of supplies are recorded in the Supplies Expense account. Supplies Expense has a balance of $3,750 at the end of the month. The company has $980 of supplies remaining at the end of the month, and the balance in the Prepaid Supplies Account is zero (0). Which of the following statements is true? a. The company should credit Supplies Expenses for $980 and debit Prepaid Supplies for $980. b. Assets and stockholders' equity should decrease because of this transaction. c. The company should credit Accrued Liabilities for $980 and debit Prepaid Supplies for $980. d. Assets and stockholders' equity should be unchanged by this transaction

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