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The Supplies account has a trial balance of $3,156. A year-end inventory shows $1,738 worth of supplies left at the end of the year. The
The Supplies account has a trial balance of $3,156. A year-end inventory shows $1,738 worth of supplies left at the end of the year. The correct adjusting entry is: Multiple Choice O debit Supplies Expense $1.418, credit Supplies $1.418 O debit Supplies Expense $1738, credit Prepaid Supplies $1738 0 debit Supplies Expense $3,156; credit Supplies $3,156 0 debit Supplies $1,418; credit Supplies Expense $1,418
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