Indicate whether each of the following statements is true or false.
_____ a) The entry to record the purchase of supplies involves a debit to Supplies Expense and a credit to Cash.
_____ b) The entry to record the amount of supplies used involves a debit to Supplies and a credit to Supplies Expense.
_____ c) An asset use transaction may involve a debit to an asset and a credit to a liability.
_____ d) An asset exchange transaction may involve a debit to an asset and a credit to a liability.
_____ e) A claims exchange transaction may involve a debit to a liability and a credit to revenue.
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