Mama June Pizza Company determined that dough,sauce,cheese and other ingredients costing $8,700 were used to make pizzas during July.Which of the following statements is false with respect to the use of the ingredients?
A)Cost of goods sold was debited for $8,700.
B)Operating expenses increased $8,700.
C)Operating income decreased $8,700.
D)Supplies inventory was debited for $8,700.

Question

Quizplus · Accepted Answer

Supplies inventory is an asset account reduced with a credit for $8,700.

Mama June Pizza Company Determined That Dough,sauce,cheese and Other Ingredients