The Following Adjusting Journal Entry Does Not Include an Explanation

question 183

Multiple Choice

The following adjusting journal entry does not include an explanation. Select the best explanation for the entry. $$\begin{array} { | c | r | r | } \hline \text { Supplies Expense } & 730 & \\\hline \text { Supplies } & & 730 \\\hline ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? & & \\\hline\end{array}$$

• A) Adjust supplies inventory to actual.
• B) Record purchase of supplies.
• C) Reduce supplies expense.
• D) Record sale of supplies.

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Definitions:

Early 1930s

A period marked by the Great Depression, characterized by widespread economic hardship, high unemployment, and deflation.

Civil War

A war between citizens of the same country.

Sun Belt

A region in the United States generally considered to stretch across the Southeast and Southwest, characterized by warm climate, rapid population growth, and vibrant economies.

Central Cities

Principal cities in a metropolitan area, typically containing a significant portion of the region's employment and amenities.