The Unadjusted Trial Balance columns of a company's work sheet shows the Store Supplies account with a balance of $750.The Adjustments columns shows a credit of $425 for supplies used during the period.The amount shown as Store Supplies in the Balance Sheet columns of the work sheet is:
A)$325 debit.
B)$325 credit.
C)$425 debit.
D)$750 debit.
E)$425 credit.

Question

Quizplus · Accepted Answer

The unadjusted balance of Store Supplies is $750. After adjusting for $425 of supplies used, the remaining balance is $750 - $425 = $325, which is a debit balance.

The Unadjusted Trial Balance Columns of a Company's Work Sheet