A merchandising company shows $ 8,842 in the Supplies account on the preadjusted trial balance. After taking

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A merchandising company shows $ 8,842 in the Supplies account on the preadjusted trial balance. After taking inventory of the actual supplies, the company still owns $ 3,638.
a. How much was used or expired?
b. Write the adjusting entry.

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:27 AM

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A merchandising company shows $ 8,842 in the Supplies account on the preadjusted trial balance. After taking

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College Accounting

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