When a Company Makes an End-Of-Period Adjusting Entry,which Includes a Debit

question 92

Multiple Choice

When a company makes an end-of-period adjusting entry,which includes a debit to Supplies Expense,the usual credit entry is made to:

• A)Accounts Payable.
• B)Supplies.
• C)Cash.

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Definitions:

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The ultimate authority or power to make decisions or assert influence over outcomes.

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