The Supplies on Hand account balance at the beginning of the period was $6,600.Supplies totaling $12,825 were purchased during the period and debited to Supplies on Hand.A physical count shows $3,825 of Supplies on Hand at the end of the period.The proper journal entry at the end of the period
A) debits Supplies on Hand and credits Supplies Expense for $9,000.
B) debits Supplies Expense and credits Supplies on Hand for $12,825.
C) debits Supplies on Hand and credits Supplies Expense for $15,600.
D) debits Supplies Expense and credits Supplies on Hand for $15,600.
Correct Answer:
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