Question
At January 31, 2008, the balance in Prieto Inc.s supplies account was $250. During February, Prieto purchased supplies of $300 and used supplies of $400.
At January 31, 2008, the balance in Prieto Inc.s supplies account was $250. During February, Prieto purchased supplies of $300 and used supplies of $400. At the end of February, the balance in the supplies account should be
a. $250 debit.
b. $350 credit.
c. $950 debit.
d. $150 debit.
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Cost Accounting A Decision Emphasis
Authors: Germain B. Boer, William L. Ferrara, Debra C. Jeter
4th Edition
0873939123, 978-0873939126
