When a Firm Purchases Supplies for Use in Its Business $\begin{array}{llcc} \text { Dr. Supplies } \\ \text { Cr. Accounts payable } \\\end{array}$

question 10

Multiple Choice

When a firm purchases supplies for use in its business, and the cost of the supplies purchased is recorded as an asset, the following adjustment to recognize the cost of supplies used will probably be required:
A.
$\begin{array}{llcc} \text { Dr. Supplies } \\ \text { Cr. Accounts payable } \\\end{array}$


B.
$\begin{array}{llcc} \text { Dr. Supplies } \\ \text {Cr. Supplies expense } \\\end{array}$

C.
$\begin{array}{llcc} \text { Dr. Supplies expense } \\ \text { Cr. Supplies } \\\end{array}$

D. $\begin{array}{llcc} \text { No adjustment will probably be required. } \\\end{array}$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Hyaline Cartilage

A type of cartilage that is translucent and found in areas such as the nose, trachea, and at the ends of long bones where it reduces friction in joints.

Interdigitate

To interlock together like the fingers of two hands, often describing how cellular or tissue structures closely fit together.

Fontanels

Soft spots on a baby's skull where the bones have not yet fused together, allowing for growth of the brain.

Periosteum

A dense layer of vascular connective tissue enveloping the bones except at the surfaces of the joints.