Each of the following columns represents a Supplies account: 1. Determine the amounts indicated by the question
Question:
1. Determine the amounts indicated by the question marks.
2. Make the adjusting entry for column a, assuming supplies purchased are debited to an asset account.
Transcribed Image Text:
Supplies on hand at June 1 Supplies purchased during the month $264 $217 $1967 174 52 194 1,928 1,632 1,118 consumed during the month 972 Supplies on hand at June 30 ? 436 56
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1 Amounts indicated by the question marks are in italics a b c d Supplies on hand at ...View the full answer
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson
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