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Smart Business had opening supplies of $400, bought $500 on 30 days credit during the period and finished the month with $300 on hand. Which

Smart Business had opening supplies of $400, bought $500 on 30 days credit during the period and finished the month with $300 on hand. Which if the following is true? Select one: a. Cash -$500, b. Cost of Goods Sold -$600 c. Supplies expense +$300. d. Supplies Expense +$600.

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