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Business, 21.12.2019 00:31 ggg3572

During s first three months of operations, cari’s bakery, inc. purchased supplies such as plates, napkins, bags, and cutlery for $9,000 and recorded this as supplies inventory. supplies on hand at the end of the first quarter, amount to $5,600. to prepare financial statement for the first quarter, the company must record which of the following accounting adjustments? select one:

a. increase supplies expense by $5,600 and decrease supplies inventory by $5,600

b. increase supplies expense by $3,400 and decrease supplies inventory by $3,400

c. increase supplies inventory by $5,600 and decrease supplies expense by $5,600

d. increase supplies inventory by $3,400 and decrease supplies expense by $3,400

e. none of the above

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