A Company Started the Year with $400 of Supplies

question 8

Multiple Choice

A company started the year with $400 of supplies.During the year,the company purchased an additional $1,200 of supplies.There were $700 of supplies on hand at the end of the year.An adjusting entry prepared at the end of the accounting period includes a:

• A)debit to Supplies for $800.
• B)debit to Supplies for $700.
• C)debit to Supplies Expense for $900.
• D)debit to Supplies Expense for $600.

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Definitions:

Food Ritual

Practices or ceremonies that involve the preparation and consumption of food, often with cultural, religious, or social significance.

Rite Of Reincorporation

A ceremonial act marking the return of an individual to society with a new status, typically observed in tribal or traditional societies.

Religious Tradition

A set of cultural or belief practices, rituals, and ceremonies associated with a particular religion or faith group.

Mourning Rituals

Traditional ceremonies and practices observed in the aftermath of a death, varying widely across cultures, aimed at honoring and remembering the deceased.