At the Beginning of the Period, Hann Corporation Had $4,000 $\quad 4,300$

question 78

Multiple Choice

At the beginning of the period, Hann Corporation had $4,000 of supplies on hand. During the period, it purchased $1,300 of supplies and debited supplies for the same amount. At the end of the period, Hann Corporation determined that only $1,000 of supplies were still on hand. What adjusting entry should Hann Corporation make at the end of the period?

• A)
• Supplies \(\quad 4,300\)
• Supplies Expense\(\quad 4,300\)
• B)
• Supplies \(\quad 1,300\)
• Supplies Expense\(\quad 1,300\)
• C)
• Supplies Expense \(\quad 1,300\)
• Supplies\(\quad 1,300\)
• D)
• \(\begin{array} { c c }
• \text { Supplies Expense } & 4,300 \\
• \text { Supplies } & 4,300
• \end{array}\)

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