QUICK MULTIPLE CHOICE:

After the adjustments have been completed, "the adjusted balance in the Supplies account represents the cost of supplies?"

Transcribed image text: After the adjustments have been completed, the adjusted balance in the Supplies account represents the cost of supplies Multiple Choice on hand at the end of the accounting period. purchased during the accounting period on hand at the end of the accounting period. purchased during the accounting period. used during the accounting period purchased, but not yet paid for at the end of the accounting period