Question
1) A company had $4,300 in its Supplies account before adjusting entries. A physical count showed that $1,700 of supplies are on hand at the
1) A company had $4,300 in its Supplies account before adjusting entries.
A physical count showed that $1,700 of supplies are on hand at the end of the year.
What is the amount of Supplies Expense that would be recorded as an adjusting entry?
2) Which types of adjusting entries increase expenses? ( not related question 1 , this is different question)
3)
What amount carries forward from the Statement of Retained Earnings to the Balance Sheet?
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Financial Accounting
Authors: W. Steven Albrecht, James D. Stice, Earl Kay Stice, K. Fred Skousen, Albrecht S.E.
8th Edition
0324066708, 978-0324066708
