During the Month,a Company Uses Up $4,000 of Supplies

question 47

Multiple Choice

During the month,a company uses up $4,000 of supplies.At the end of the month,the related adjusting journal entry would result in:

• A)a decrease in an asset and an equal decrease in expenses.
• B)an increase in an asset and an equal increase in expenses.
• C)a decrease in an asset and an equal increase in expenses.
• D)an increase in an asset and a decrease in expenses.