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Beta had a beginning balance of $500 in its supplies account. During the year, Beta purchased $1,200 of supplies and recorded them as an expense.
Beta had a beginning balance of $500 in its supplies account. During the year, Beta purchased $1,200 of supplies and recorded them as an "expense." If the ending balance for supplies is $800.
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The required adjusting journal entry at the end of the year wo...
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
