All Handles,Inc

question 43

Multiple Choice

All Handles,Inc.began operations on February 1,2012,and purchased $4,000 of supplies.On December 31,2012,$1,200 were still on hand.The December 31,2012,entry would include a

• A)debit to Supplies Expense for $1,200.
• B)debit to Supplies for $4,000.
• C)credit to Supplies Expense for $1,200.
• D)credit to Supplies Expense for $2,800.
• E)debit to Supplies Expense for $2,800.

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Definitions:

Voidable

A contract or transaction that is legally valid but may be declared void by one of the parties.

Unenforceable

Refers to a contract or clause that, due to legal deficiencies or fairness issues, cannot be compelled or enforced by law.

Annullable

Refers to something that can be declared void or invalid, usually in a legal context.

Unintentional

An action or outcome that occurs without a deliberate plan or purpose.