Shaftebury Ltd. began operations and purchased $15,900 of supplies. By year end, $8,800 of supplies were...

  

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Shaftebury Ltd. began operations and purchased $15,900 of supplies. By year end, $8,800 of supplies were still on hand. The adjusting entry at year end would include a Select one: Oa. debit to Supplies Expense for $7,100 Ob. debit to Supplies for 8,800 Qc. credit to Supplies Expense for $7,100 O d. credit to Supplies Expense for $8,800 Shaftebury Ltd. began operations and purchased $15,900 of supplies. By year end, $8,800 of supplies were still on hand. The adjusting entry at year end would include a Select one: Oa. debit to Supplies Expense for $7,100 Ob. debit to Supplies for 8,800 Qc. credit to Supplies Expense for $7,100 O d. credit to Supplies Expense for $8,800

Answer rating: 100% (QA)

Correct answera Debit to supplies expense for 7100 The supplies for 7100 are used during the year ... View the full answer