On May 31, 2018, the Physical Count of Supplies Was

question 95

Multiple Choice

On May 31, 2018, the physical count of supplies was $2,400. During June, supplies were acquired at a cost of $1,600 and the company debited Supplies Expense. At June 30, actual supplies on hand totaled $500. The credit part of the adjusting entry required at the end of June is

• A)Supplies Expense of $1,900.
• B)Supplies of $1,900.
• C)Supplies Expense of $2,400.
• D)Supplies of $500.

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Definitions:

Immature Cells

Cells that have not yet developed into their final form or function, often found in the early stages of growth and development.

Mature Cells

Cells that have reached a final stage of development and differentiation, performing specific functions in the body.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness, often used in supplement form to treat insomnia and adjust sleep cycles.

Ejection

The act of forcing or throwing something out.