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(L.O. 5) The Office Supplies on Hand account had a balance at the beginning of year 3 of $1,600

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15. (L.O. 5) The Office Supplies on Hand account had a balance at the beginning of year 3 of… 1 answer below » 15.        (L.O. 5) The Office Supplies on Hand account had a balance at the beginning of year 3 of $1,600. Payments for acquisitions of office supplies during year 3 amounted to $10,000 and were recorded by a debit to the asset account. A physical count at the end of year 3 revealed supplies costing $1,900 were on hand. The required adjusting entry at the end of year 3 will include a debit to: a.         Office Supplies Expense for $300. b.        Office Supplies on Hand for $300. View complete question » 15.        (L.O. 5) The Office Supplies on Hand account had a balance at the beginning of year 3 of $1,600. Payments for acquisitions of office supplies during year 3 amounted to $10,000 and were recorded by a debit to the asset account. A physical count at the end of year 3 revealed supplies costing $1,900 were on hand. The required adjusting entry at the end of year 3 will include a debit to: a.         Office Supplies Expense for $300. b.        Office Supplies on Hand for $300. c.         Office Supplies Expense for $9,700. d.        Office Supplies on Hand for $1,900. View less » Nov 16 2015 12:06 PM



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