Question: Multiple Cholce Question On January 1 , Year 1 , The Wellness Center ( TWC ) paid $ 2 , 4 0 0 cash for

Multiple Cholce Question
On January 1, Year 1, The Wellness Center (TWC) paid $2,400 cash for supplies that will be used throughout Year 1. Based on this information, on January 1, Year 1,
TWC should report a(n).
equity titled supplies earned
liability titled supplies payable
expense titled supplies expense
asset titled supplies
Multiple Cholce Question On January 1, Year 1, The Wellness Center

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