Question
At the end of its first year of operations, the Hedrick Company conducted a physical inventory that revealed that $1,200 of office supplies were on
At the end of its first year of operations, the Hedrick Company conducted a physical inventory that revealed that $1,200 of office supplies were on hand. The unadjusted balance of the Office Supplies on Hand account is $6,000. What is the amount of the necessary adjusting entry?
| A. | $6,000 | |
| B. | $7,200 | |
| C. | $1,200 | |
| D. | $4,800 |
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Audit Risk Assessment Made Easy Seeing What Others Miss
Authors: Charles Hall
1st Edition
0578961679, 978-0578961675
