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:

Advancement Opportunities

Prospects or paths available within a career or organization that allow for growth, promotion, and increased responsibilities.

Personality Type Theory

A psychological framework suggesting that individuals can be categorized into distinct personality types based on certain traits and behaviors.

Career Exploration

Career exploration involves researching, evaluating, and considering different job roles and career paths to find a fit for one's interests, skills, and values.

Monetary Considerations

Factors related to financial aspects, including costs, expenses, and economic benefits.