Wiggly Pet Store Had $6,000 of Supplies at the End

question 101

Multiple Choice

Wiggly Pet Store had $6,000 of supplies at the end of October.During November,the company bought $2,000 of supplies.At the end of November,the company had $1,000 of supplies remaining.Which of the following statements is not correct?

• A) During November, the company used $7,000 of supplies.
• B) Supplies should be reported at $1,000 on the balance sheet.
• C) An expense should be debited for $7,000 in November.
• D) An asset should be debited for $1,000 in November.

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Definitions:

Premarital Sex

Premarital sex refers to sexual activities between individuals before they are legally married.

Social Relatedness

The degree to which individuals feel connected and close to other members of their social group.

Sexual Response Cycle

Refers to the series of emotional and physical phases experienced during sexual activity, including stages of excitement, plateau, orgasm, and resolution.

Refractory Period

The period immediately following a stimulus, during which a nerve or muscle is unresponsive to a subsequent stimulus.