Shaftebury Ltd. began operations and purchased $15,900 of supplies. By year end, $8,800 of supplies were still on hand, and the rest had been used up. The adjusting entry at year end would include a:

Question

Answer

credit to Supplies Expense for $7,100

Answer

credit to Supplies Expense for $8,800

Answer

debit to Supplies Expense for $7,100

Answer

debit to Supplies for $8,800

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Shaftebury Ltd. began operations and purchased $15,900 of supplies. By year end,...

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