Question:If the supplies account (assets), before adjustment on May 31, indicated a balance of $2,250, and the supplies on hand on May 31 totaled $950, the adjusting entry would be:
A Debit supplies, $1,300; credit supplies expense, $1,300
B Debit supplies, $950; credit supplies expense, $950
C Debit supplies expense, $950; credit supplies, $950
D Debit supplies expense, $1,300; credit supplies, $1,300
+ AnswerA
+ Explanation
+ Report