A Physical Count of Supplies on Hand at the End

question 20

Multiple Choice

A physical count of supplies on hand at the end of May for Masters,Inc.indicated $1,250 of supplies on hand.The general ledger balance before any adjustment is $2,100.What is the adjusting entry for office supplies that should be recorded on May 31?

• A)Debit Supplies Expense $1,250 and credit Supplies $1,250.
• B)Debit Prepaid Supplies $850 and credit Supplies Expense $850.
• C)Debit Supplies Expense $1,250 and credit Supplies $2,100.
• D)Debit Supplies $1,250 and credit Cash $1,250.
• E)Debit Supplies Expense $850 and credit Supplies $850.

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Definitions:

SBAR

An acronym for Situation, Background, Assessment, Recommendation; a communication protocol used among healthcare professionals to facilitate clear and concise information transfer.

Severe Pain

An intense level of discomfort that typically requires medical evaluation and management.

Fractured Leg

A break in one or more of the bones in the leg, which can vary in severity from hairline fractures to complete breaks that require surgical intervention.

Accountability

The responsibility of someone or a group to explain their conduct, assume responsibility for it, and make the consequences known openly.