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The Following Adjusting Journal Entry Does Not Include an Explanation

Question 204

Multiple Choice

The following adjusting journal entry does not include an explanation. Select the best explanation for the entry.  Supplies Expense 730 Supplies 730???????????????\begin{array} { | c | l | l | } \hline \text { Supplies Expense } & 730 & \\\hline \text { Supplies } & & 730 \\\hline ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? & & \\\hline & & \\\hline\end{array}


A) Adjust supplies inventory to actual.
B) Record purchase of supplies.
C) Reduce supplies expense.
D) Record sale of supplies.

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