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An antique company showed store supplies available during the year of $400. A count of the supplies on hand as of May 31 is $150.
An antique company showed store supplies available during the year of $400. A count of the supplies on hand as of May 31 is $150. The adjusting entry for Store Supplies would include: A) a debit to Store Supplies for $150. B) a credit to Store Supplies Expense for $150. C) a debit to Store Supplies Expense for $250. D) a credit to Store Supplies Expense for $250. please explain your response
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