Roxas Company had $14,400 of supplies on hand on January 1. During the year, the...
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Accounting
Roxas Company had $14,400 of supplies on hand on January 1. During the year, the company purchased $23,400 of supplies, and on December 31, determined that only $4,800 of supplies were still on hand.
The adjusting entry for Roxas Company on December 31, will include:
A. Debit Supplies Expense $13,800
B. Debit Supplies Expense $33,000
C. Credit Supplies Expense $33,000
D. Debit Supplies $23,400
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