The Unadjusted Trial Balance columns of a company's work sheet shows the Store Supplies account with a balance of $415. The Adjustments columns show a credit of $230 for supplies used during the period. The amount shown as Store Supplies in the Balance Sheet columns of the work sheet is: A. $185 debit. B. $185 credit. C. $230 debit. D. $415 debit. E. $415 credit

The Unadjusted Trial Balance columns of a company's work sheet shows the Store Supplies account with a balance of $415. The Adjustments columns show a credit of $230 for supplies used during the period. The amount shown as Store Supplies in the Balance Sheet columns of the work sheet is: A. $185 debit. B. $185 credit. C. $230 debit. D. $415 debit. E. $415 credit

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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