If the supplies account, before adjustment on May 31, indicated a balance of $2,250, and supplies on
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If the supplies account, before adjustment on May 31, indicated a balance of $2,250, and supplies on hand at May 31 totaled $950, the adjusting entry would be:
a. debit Supplies, $950; credit Supplies Expense, $950.
b. debit Supplies, $1,300; credit Supplies Expense, $1,300.
c. debit Supplies Expense, $950; credit Supplies, $950.
d. debit Supplies Expense, $1,300;
credit Supplies, $1,300.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337902663
15th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler
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