A company has $800 in beginning supplies and supplies on hand at the end of the month of $150. The adjusting entry for this company is a debit to:
A) Supplies Expense of $150 and a credit of $150 to Supplies
B) Supplies Expense of $650 and a credit of $650 to Supplies
C) Supplies of $150 and a credit of $150 to Supplies Expense
D) There is not enough information given to prepare the entry.
Correct Answer:
Verified
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