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Accumulated Depreciation is a(n): 1) expense account 2) stockholders' equity account 3) liability account 4) contra asset account. Save Question 40 (1.66 points) Boyce Company

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Accumulated Depreciation is a(n): 1) expense account 2) stockholders' equity account 3) liability account 4) contra asset account. Save Question 40 (1.66 points) Boyce Company purchased office supplies costing $5,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1,800 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: 1) debit Supplies Expense, $3,200: credit Supplies, $3.200. 2) debit Supplies, $1,800; credit Supplies Expense, $1,800. 3) debit Supplies Expense, $1,800; credit Supplies, $1,800 4) debit Supplies, $3,200; credit Supplies Expense, $3,200

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