Question

When a company makes an end-of-period adjusting entry, which includes a debit to Supplies Expense, the usual credit entry is made to: Group of answer choices

a)Accounts Payable.
b)Supplies.
c)Cash.
d)Retained Earnings.

Answer 1

When a company makes an end-of-period adjusting entry, the usual credit entry is made to the Supplies account.

Step-by-step explanation:

When a company makes an end-of-period adjusting entry, if there is a debit to Supplies Expense, the usual credit entry is made to the Supplies account.