Intermediate Adjusting Entries

Test your Intermediate-level Adjusting Entries skills in Core Accounting Processes. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

A company began the month with $1,000 of supplies, purchased an additional $3,000, and ended the month with $800 of supplies on hand. The adjusting entry would be:

A. Debit Supplies Expense $3,800; Credit Supplies $3,800

B. Debit Supplies Expense $3,200; Credit Supplies $3,200

C. Debit Supplies $800; Credit Supplies Expense $800

D. Debit Supplies Expense $800; Credit Supplies $800

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