Ctnhi2830 Ctnhi2830

11-03-2024
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Which of the following does not correctly describe an adjusting journal entry that debits supplies expense and credits supplies?
1) The entry decreases the supplies expense account
2) The entry increases the supplies account
3) The entry is used to record the use of supplies during the accounting period
4) The entry is used to record the purchase of supplies during the accounting period

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