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Question

The trial balance shows Supplies Tk 0 and Supplies Expense Tk 1,500. If Tk 800 of Supplies are on hand at the end of the period, the adjusting entry is:

debit Supplies Tk 800 and credit Supplies Expense Tk 800.

debit Supplies Expense Tk 800 and credit Supplies Tk 800.

debit Supplies Tk 700 and credit Supplies Expense Tk 700.

debit Supplies Expense Tk 700 and credit Supplies Tk 700.

None of these

ANS : 0

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