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What is the Supplies account balance at December 31 (Solve for x)? Supplies Available - January 1 5,000 Supplies Purchased du

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Answer #1

Total supplies available - Supplies expense for the year = Supplies available december 31

$30,000 - $20,000 = $10,000

Supplies is an assets, so has the debit balance.

The answer is Option c.

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