At December 31, a company's accounting records showed a balance in the Supplies account of $800. A physical count showed $300 of supplies on hand. The adjusting entry will include a (debit/credit)_ to the Supplies Expense account in the amount of $_____.
Blank 1: debit
Blank 2: 500

Question

06-12-2022
Business

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At December 31, a company's accounting records showed a balance in the Supplies account of $800. A physical count showed $300 of supplies on hand. The adjusting entry will include a (debit/credit)_ to the Supplies Expense account in the amount of $_____.
Blank 1: debit
Blank 2: 500

Sagot :

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