At the beginning of the period, Hann Corporation had $4,000 of supplies on hand. During...
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Accounting
At the beginning of the period, Hann Corporation had $4,000 of supplies on hand. During the period, it purchased $1,300 of supplies and debited supplies for the same amount. At the end of the period, Hann Corporation determined that only $1,000 of supplies were still on hand. What adjusting entry should Hann Corporation make at the end of the period?
Select one:
a. Supplies 4,300 Supplies Expense 4,300
b. Supplies 1,300 Supplies Expense 1,300
c. Supplies Expense 1,300 Supplies 1,300
d. Supplies Expense 4,300 Supplies 4,300
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