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Ishika Corp. had $12,000 of supplies at the end of August. During September, the company bought $4,000 of supplies. At the end of September, the
Ishika Corp. had $12,000 of supplies at the end of August. During September, the company bought $4,000 of supplies. At the end of September, the company had $2,000 of supplies remaining. Which of the following statements is not correct? Multiple Choice O An expense should be debited for $14,000 in September. An asset should be debited for $2,000 in September. During September, the company used $14,000 of supplies. Supplies should be reported at $2,000 on the September balance sheet
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