If the supplies on hand at the end of January totaled $200 and the Supplies on Hand account before adjustment is $900, what would be the adjustment at month-end?
A)Reduce supplies on hand by $700; increase supplies expense by $700
B)Increase supplies on hand by $900; reduce supplies expense by $900
C)Reduce supplies on hand by $200; increase supplies expense by $200
D)Increase supplies on hand by $200; reduce supplies expense by $200

Question

Quizplus · Accepted Answer

The supplies on hand decreased from $900 to $200, indicating $700 worth of supplies were used. Therefore, supplies on hand should be reduced by $700, and supplies expense should be increased by $700.

If the Supplies on Hand at the End of January