Kimmel, Accounting, 6e FINANCIAL &MANAGERIAL; (ACC 110/210 Assignment Gradebook

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Kimmel, Accounting, 6e FINANCIAL &MANAGERIAL; (ACC 110/210 Assignment Gradebook ORION Downloadable eTextbook ent CALCULATOR FULL SCREEN PRITER VERSION ·BACK NEXT Question 11 Muldoon Advertising has an opening balance in its supplies account of $2400 and purchases $3000 of supplies during the year. A year-end physical count shows $2800 in supplies inventory. Which is the appropriate journal entry at year end? 0 Dr Supplies Expense $2600 Cr Supplies $2600 ?Dr Supplies Expense S2800 Cr Supplies $2800 O Dr Supplies $2600 Cr Supplies Expense $2600 Dr Supplies S3000 Cr Cash $3000 Click if you would like to Show Work for this question: Open Show Work Question Attempts: O of 1 used sAVE rOR LATER SUBMIT ANSWER borPolo 0.2000-2018Johnw?hASons,Ine All Rights Reserved. A Division of lehowitex &Soos.; Inc. i Version 4.24.82 2n

Explanation / Answer

Answer is A

General Journal Debit Credit Supplies Expense($2,400 + $3,000 - $2,600) $2,800 Supplies $2,800

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