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Question 17 0.5 Points Al-Saadi Company purchased office supplies costing $10,000 and debited Supplies for the full amount. At the end of the accounting period,
Question 17 0.5 Points Al-Saadi Company purchased office supplies costing $10,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $3,000 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be A Debit Supplies Expense, $3,000; Credit Supplies, $3,000. B Debit Supplies, $7,000; Credit Supplies Expense, $7,000. Debit Supplies, $3,000; Credit Supplies Expense, $3,000. D) Debit Supplies Expense, $7,000; Credit Supplies, $7,000
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