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At the beginning of May, Golden Gopher Company reports a balance in Supplies of $330. On May 15, Golden Gopher purchases an additional $1,600 of
At the beginning of May, Golden Gopher Company reports a balance in Supplies of $330. On May 15, Golden Gopher purchases an additional $1,600 of supplies for cash. By the end of May, only $130 of supplies remains. Required: Calculate the ending balances of Supplies and Supplies Expense after the adjustment on May 31.
Calculate the balances after adjustment on May 31 of supplies and supplies expense.
Supplies: (please explain this part. Like dummy this down)
Supplies expense =1800
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