From the following adjustment data, calculate the adjustment amount and record appropriate debits or credits: 1. Supplies

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From the following adjustment data, calculate the adjustment amount and record appropriate debits or credits:

1. Supplies purchased, $1,100.

Supplies on hand, $550.

2. Store equipment, $12,500.

Accumulated depreciation, store equipment, before adjustment, $500.

Depreciation expense, store equipment, $100.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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