A company started the year with $600 of supplies. During the year, the company purchased an...

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A company started the year with $600 of supplies. During the year, the company purchased an additional $1,400 of supplies. There were $700 of supplies on hand at the end of the year. An adjusting entry prepared at the end of the accounting period includes a: O A. debit to Supplies Expense for $1,300. B. debit to Supplies for $800. O C. debit to Supplies Expense for $100. D. debit to Supplies for $700. A company started the year with $600 of supplies. During the year, the company purchased an additional $1,400 of supplies. There were $700 of supplies on hand at the end of the year. An adjusting entry prepared at the end of the accounting period includes a: O A. debit to Supplies Expense for $1,300. B. debit to Supplies for $800. O C. debit to Supplies Expense for $100. D. debit to Supplies for $700.

Answer rating: 100% (QA)

To determine the correct adjusting journal entry at the end of the accounting period for the supplie... View the full answer