Câu 55: IIA-CIA-PART3: Certified Internal Auditor - Part 3 Business Analysis and Information Technology

An organization's account for office supplies on hand had a balance of $9,000 at the end of year one. During year two, the organization recorded an expense of$45,000 for purchasing office supplies. At the end of year two, a physical count determined that the organization has $11,500 in office supplies on hand. Based on this information, what would be recorded in the adjusting entry at the end of year two?

1. A. A debit to office supplies on hand for $2,500 — đáp án hiện tại
2. B. A debit to office supplies on hand for $11,500
3. C. A debit to office supplies on hand for $20,500
4. D. A debit to office supplies on hand for $42,500