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PLEASE I NEED HELP WITH THIS ACCOUNTING PROBLEM!! ASAP!?

Prior to recording adjusting entries, the Office Supplies account had a $352 debit balance. A physical count of the supplies showed $112 of unused supplies available. The required adjusting entry is:

Debit Office Supplies $240 and credit Office Supplies Expense $240.

I'd appreciate it if I can get and answer now. Thank you.

Debit Office Supplies Expense $112 and credit Office Supplies $112.

Debit Office Supplies Expense $240 and credit Office Supplies $240.

Debit Office Supplies $112 and credit Supplies Expense $240.

Debit Office Supplies $112 and credit Office Supplies Expense $112.

1 Answer

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  • 9 years ago
    Favorite Answer

    if you had 352 and now only have 112 you must have used 240 so B

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