Question: At March 1 , 2 0 2 0 , Vaughn Corp. had supplies on hand of $ 5 5 0 . During the month, Vaughn

At March 1,2020, Vaughn Corp. had supplies on hand of $550. During the month, Vaughn purchased supplies of $1180 and used supplies of $1660. The March 31 adjusting journal entry should include a
debit to the supplies account for $1660.
credit to the supplies account for $1660.
debit to the supplies account for $1180.
credit to the supplies account for $550.
At March 1,2020, Vaughn Corp. had supplies on hand of $550.

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