Office supplies on hand in the Melville Company amounted to $600 at the begin ning of the
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Office supplies on hand in the Melville Company amounted to $600 at the begin¬
ning of the year. During the year additional office supplies were purchased at a cost of $1,560 and charged to the asset account Office Supplies. At the end of the year a physical count showed that supplies on hand amounted to $810. Give the adjusting entry needed at December 31. LO8
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Accounting The Basis For Business Decisions
ISBN: 9780070415515
5th Edition
Authors: Robert F. Meigs, Walter B Meigs
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