Before Adjustment Given: At year end, an inventory of Computer Supplies showed $800. 1. How much is
Question:
Before Adjustment
Given: At year end, an inventory of Computer Supplies showed $800.
1. How much is the adjustment for Computer Supplies?
2. Complete a transaction analysis chart for this adjustment.
3. What will the balance of Computer Supplies be on the adjusted trial balance?
Computer Supplies Computer Supplies Expense 1,400
Step by Step Answer:
1 140000 80000 60000 Used up 2 1 Accounts Af...View the full answer
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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