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Before recording adjusting entries, the Medical Supplies account had a $779 debit balance while a physical count of the supplies showed $342 of unused supplies
Before recording adjusting entries, the Medical Supplies account had a $779 debit balance while a physical count of the supplies showed $342 of unused supplies on hand. Thus, the required adjusting entry is:
Select one:
a. Debit Medical Supplies $342
b. Debit Medical Supplies $437
c. Credit Medical Supplies $437
d. Debit Medical Supplies Expense $342
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