The Unadjusted Trial Balance columns of a company's work sheet show the balance in the Office Supplies account as $750. The Adjustments columns show that $425 of these supplies were used during the period. The amount shown as Office Supplies in the Balance Sheet columns of the work sheet is:  (Hint: Please draw Supplies T-account and enter the numbers into the T-Account and then calculate the ending balance of Supplies account.) Group of answer choices $425 debit. $325 credit. $750 debit. $325 debit.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Unadjusted Trial Balance columns of a company's work sheet show the balance in the Office Supplies account as $750. The Adjustments columns show that $425 of these supplies were used during the period. The amount shown as Office Supplies in the Balance Sheet columns of the work sheet is: 

(Hint: Please draw Supplies T-account and enter the numbers into the T-Account and then calculate the ending balance of Supplies account.)

Group of answer choices
$425 debit.
$325 credit.
$750 debit.
$325 debit.
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