Supplies recorded in the General Fund under the purchases method will initially include a

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Quizplus · Accepted Answer

Under the purchases method, supplies are recorded as expenditures in the General Fund. Therefore, the initial entry would be a debit to Expenditures. Options A and D are incorrect because Fund Balance-Restricted is not impacted by the recording of supplies. Option B is also incorrect as it implies that the supplies are restricted, which is not necessarily the case.

Supplies Recorded in the General Fund Under the Purchases Method