The Unadjusted Trial Balance columns of the work sheet show the balance in the Office Supplies account at $750. The Adjustments columns show that $425 of these supplies were used during the period. The amount shown as Office Supplies in the Balance Sheet columns is
A) $325 debit
B) $325 credit
C) $425 debit
D) $750 debit
E) $750 credit

Question

Quizplus · Accepted Answer

The amount shown in the Balance Sheet columns for Office Supplies would be $325 debit, calculated as the original balance of $750 minus the $425 of supplies used during the period. This reflects the remaining value of office supplies.

The Unadjusted Trial Balance Columns of the Work Sheet Show