Question
At December 31, the unadjusted trial balance of H and R Tachs reports supplies of $9800 and supplies expense of $0. On December 31, supplies
At December 31, the unadjusted trial balance of H and R Tachs reports supplies of $9800 and supplies expense of $0. On December 31, supplies costing $8100 are on hand.
a. Prepare the adjusting journal entry on December 31.
B. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
