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Multiple Choice Question 121 Swifty Corporation purchased office supplies costing $5320 and debited Supplies for the full amount. At the end of the accounting period,

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Multiple Choice Question 121 Swifty Corporation purchased office supplies costing $5320 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1900 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be: debit Supplies, $3420; credit Supplies Expense, $3420. debit Supplies Expense, $3420; credit Supplies, $3420. debit Supplies, $1900; credit Supplies Expense, $1900. debit Supplies Expense, $1900; credit Supplies, $1900. Question Attempts: 0 of 1 used SUBMIT ANSWER SAVE FOR LATER

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