The balance in the supplies account before adjustment at the end of the year is $701. The proper adjusting entry if the amount of supplies on hand at the end of the year is $294 would be a. debit Supplies, $294; credit Supplies Expense, $294 b. debit Supplies Expense, $407; credit Supplies, $407 c. debit Supplies, $407; credit Supplies Expense, $407 d. debit Supplies Expense, $294; credit Supplies, $294

The balance in the supplies account before adjustment at the end of the year is $701. The proper adjusting entry if the amount of supplies on hand at the end of the year is $294 would be a. debit Supplies, $294; credit Supplies Expense, $294 b. debit Supplies Expense, $407; credit Supplies, $407 c. debit Supplies, $407; credit Supplies Expense, $407 d. debit Supplies Expense, $294; credit Supplies, $294

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter15: Preparing Adjusting Entries And A Trial Balance

Section: Chapter Questions

Problem 1AFE

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