Find what the adjusting entry is

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Question 1: The trial balance shows Supplies of $1,000 and Supplies Expense of $0. If supplies of $300 are on hand at the end of the period, the adjusting entry is:

Select one:

a. Debit supplies expense $700; credit supplies $700

b. Debit supplies expense $300; credit supplies $300

c. Debit supplies $300; credit supplies expense $300

d. Debit supplies expense 1,000; credit supplies $1,000

Reference no: EM132609170

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