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At the Beginning of the Period, Polly Parrot Corporation Had \quad

Question 100

Multiple Choice

At the beginning of the period, Polly Parrot Corporation had $800 of supplies on hand. During the period, it purchased $1,800 of supplies and at the end of the period, the company determined that only $1,600 of supplies were still on hand.
What adjusting entry should Polly Parrot Corporation make at the end of the period?


A) Supplies Expense 2,600
\quad \quad \quad \quad Supplies 2,600
B) Supplies Expense 1,000
\quad \quad \quad \quad Supplies 1,000
C) Supplies 2,600
\quad \quad \quad \quad Supplies Expense 2,600
D) Supplies 1,000
\quad \quad \quad \quad Supplies Expense 1,000

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