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Business, 14.04.2020 23:31 Kellymac9901

At the beginning of December, Global Corporation had $2,000 in supplies on hand. During the month supplies purchased amounted to $3,000, but by the end of the month the supplies balance was only $800. What is the appropriate month-end adjusting entry?
a) Debit Cash $4,200, credit Supplies $4,200.
b) Debit Supplies $4,200, credit Supplies Expense $4,200.
c) Debit Supplies Expense $4,200, credit Supplies $4,200.
d) Debit Cash $800, credit Supplies $800.

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