The Entry to Adjust for the Cost of Supplies Used

question 10

Multiple Choice

The entry to adjust for the cost of supplies used during the accounting period is

• A) debit Supplies Expense; credit Supplies
• B) debit Owner Capital; credit Supplies
• C) debit Accounts Payable; credit Supplies
• D) debit Supplies; credit Owner Capital

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Definitions:

Alcohol Consumption

The practice of drinking beverages that contain ethanol, which can have varying social, cultural, and health implications.

Unfamiliar Opponent

A term used to describe an opponent whose skills, strategy, or style is not well-known or understood by another competitor.

Global Warming

The long-term trend of rising average global temperatures attributed largely to increased levels of atmospheric greenhouse gases produced by human activities.

Foul Odors

Unpleasant smells typically perceived as offensive or disgusting.