The Unadjusted Trial Balance columns of a company's work sheet show the balance in the Office Supplies account as $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 of the work sheet is:
A) $325 debit.
B) $325 credit.
C) $425 debit.
D) $750 debit.
E) $750 credit.

Question

Quizplus · Accepted Answer

The amount shown as Office Supplies in the Balance Sheet columns 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 a Company's Work Sheet