Big Box Outlet has $10,350 of supplies expense on its income statement. Does this mean that there
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Big Box Outlet has $10,350 of supplies expense on its income statement. Does this mean that there must also be a supplies payable account balance of $10,350 on its balance sheet? Why or why not?
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No the 10350 of supplies expense does not mean there is a supplies payable account balance of 10350 ...View the full answer
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