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11. On June 1, Unidevo, Inc. purchased $2,300 worth of supplies on account. Prior to the purchase, the balance in the supplies account was $350.
11. On June 1, Unidevo, Inc. purchased $2,300 worth of supplies on account. Prior to the purchase, the balance in the supplies account was $350. On December 31, the fiscal year-end for Unidevo, it is determined that $500 of supplies still remain. What is the balance in the supplies account after adjustment? a. $0 b. $1,800 c. $2,300 d. $500
11. On June 1, Unidevo, Inc. purchased $2,300 worth of supplies on account. Prior to the purchase, the balance in the supplies account was $350. On December 31, the fiscal year-end for Unidevo, it is determined that $500 of supplies still remain. What is the balance in the supplies account after adjustment?
a. $0
b. $1,800
c. $2,300
d. $500
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The Practitioners Blueprint To Construction Auditing
Authors: Ron Risner
1st Edition
0894137263, 978-0894137266
