At the beginning of the period, Hann Corporation had $4,000 of supplies on hand. During the period, it purchased $1,300 of supplies and debited supplies for the same amount. At the end of the period, Hann Corporation determined that only $1,000 of supplies were still on hand. What adjusting entry should Hann Corporation make at the end of the period?
A)
Supplies
Supplies Expense
B)
Supplies
Supplies Expense
C)
Supplies Expense
Supplies
D)
Correct Answer:
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