Choose the correct option. If the supplies account, before adjustment on August 31 st, indicated...
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Accounting
Choose the correct option. If the supplies account, before adjustment on August 31 st, indicated a balance of $2.250.00, and an inventory of supplies on hand at August 31 st totaled $950.00, which of the following should be the adjusting entry? OPTIONS Debit Supplies $950.00 : Credit Supplies Expense $950.00 Debit Supplies $1,300.00; Credit Supplies Expense $1,300.00 Debit Supplies Expense $950.00; Credit Supplies $950.00 Debit Supplies Expense $1,300.00; Credit Supplies $1,300.00
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