Business, 23.09.2021 07:30 yanygonzalez16
At the beginning of its first year of operations, Bumper Corp. purchased $4,000 of supplies, which were debited to the Supplies account. They did not purchase any other supplies during the year. At the end of the year, it has $800 of supplies left. The appropriate adjusting journal entry is:.
a. Debit Supplies Esxpense s$3,200 and credt Supplies $3.200.
b. Debit Supplies $3,200 and credit Supplies Expense $3200.
c. Debit Supplies $800 and credit Supplies Expense $800.
d. Debit Supplies Expense $800 and credit Supplies $800.
Answers: 2
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At the beginning of its first year of operations, Bumper Corp. purchased $4,000 of supplies, which w...
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