BE3-3 Windsor Advertising Companys trial balance at December 31 shows Advertising Supplies $6,700 and Advertising Supplies Expense

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BE3-3 Windsor Advertising Company’s trial balance at December 31 shows Advertising Supplies $6,700 and Advertising Supplies Expense $0. On December 31, there are $2,700 of sup¬

plies on hand. Prepare the adjusting entry at December 31, and using T accounts, enter the bal¬

ances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account.

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Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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