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Factory Supplies Had a Balance of $14,873 on January 1

Question 140

Essay

Factory Supplies had a balance of $14,873 on January 1, 2012. During 2012, supplies were purchased on July 15 for $7,510 and on October 9, for $3,679. Requisition sheets completed during the year indicated that $9,458 of supplies had been used by the workers during the year. Determine the ending balance in the Factory Supplies account.

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