During the year,Able Co.purchased $39,600 worth of supplies,at the end of the year,the balance sheet showed a balance of $1,760 in the supplies account.Prepare the necessary adjusting entry.

Question

Quizplus · Accepted Answer

The Answer of During the year,Able Co.purchased $39,600 worth of supplies,at the end of the year,the balance sheet showed a balance of $1,760 in the supplies account.Prepare the necessary adjusting entry.

During the Year,Able Co