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Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 26ISBN: 978-1285743615 Exercise 21
Adjusting entry for supplies
The balance in the supplies account, before adjustment at the end of the year, is $5,330. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $1,875.
The balance in the supplies account, before adjustment at the end of the year, is $5,330. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $1,875.
Explanation
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Adjusting entries:
Adjusting entries ar...
Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac
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