The Kookie Kutter Bakery Purchased $6,500 Worth of Baking Supplies

question 13

Multiple Choice

The Kookie Kutter Bakery purchased $6,500 worth of baking supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the baking supplies indicated only $3,000 on hand. The adjusting entry that should be made by the company on June 30 is

• A) debit Baking Supplies Expense, $3,000; credit Baking Supplies, $3,000.
• B) debit Baking Supplies Expense, $3,500; credit Baking Supplies, $3,000.
• C) debit Baking Supplies, $3,500; credit Baking Supplies Expense, $3,500.
• D) debit Baking Supplies Expense, $3,500; credit Baking Supplies, $3,500.

---

Definitions:

Divergent Thinking

A mental approach or technique for producing inventive ideas through the examination of numerous potential answers.

Convergent Thinking

A cognitive process where an individual focuses on finding a single, correct solution to a problem, as opposed to generating multiple solutions.

Centration

A cognitive limitation in early childhood development, where the focus is on one salient aspect of a situation, neglecting other relevant features.

Triangulation

A research method that involves using multiple data sources, theories, or methodologies to enhance the confidence in research findings.