Question
52.) Supplies originally cost $600, but only $150 worth of supplies were used this period. The adjusting entry would be a.debit Supplies, $150; credit Supplies
52.) Supplies originally cost $600, but only $150 worth of supplies were used this period. The adjusting entry would be
a.debit Supplies, $150; credit Supplies Expense, $150.
b.debit Supplies Expense, $150; credit Supplies, $150.
c.debit Supplies, $450; credit Supplies Expense, $450.
d.debit Supplies Expense, $450; credit Supplies, $450.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
