Asked by

Melanie Coleman
on Nov 15, 2024

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If the balance of supplies at the start of the month was $1,700 and at the end of the month you had $850 on hand, the adjustment for Supplies would be:

A) $850.
B) $950.
C) $750.
D) $1,700.

Adjustment

A change made to a financial record to correct or update the information.

Supplies

Items used in the operation of a business that are not directly associated with the products or services being sold, such as office supplies.

  • Absorb the concepts related to adjusting entries and their ramifications for financial statements.
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AS
Ariel SmithNov 18, 2024
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