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Current Attempt in Progress At March 1, 2018, Bonita Corp. had supplies on hand of $640. During the month, Minutemen purchase
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Answer #1

Answer: Credit to supplies account for $1640

Explanation:

Adjusting Entry for supplies used:

Date Account title and explanation Debit Credit
March 31,2018 Supplies expense $1,640
Supplies $1,640
[To record supplies expense]

Therefore, Option-iv Credit to supplies account for $1640 is correct and remaining options are incorrect.

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