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Current Attempt in Progress Crane Company's trial balance at December 31 shows Supplies $8,840 and Supplies Expense $0.On December 31, there are $2,060 of supplies
Current Attempt in Progress Crane Company's trial balance at December 31 shows Supplies $8,840 and Supplies Expense $0.On December 31, there are $2,060 of supplies on hand. Your answer is correct Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Debit Credit Account Titles and Explanation Supplies Expense Dec. 31 Go Supplies 6700 eTextbook and Media List of Accounts Question 1 of 7 0.71/1 III Your answer is partially correct. Using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each. account.(Post entries in the order of journal entries presented in the previous part.) Supplies Op. Bal. 8840 12/31 6780 12/31 Bal. 2060 Supplies Expense 12/31 6780 12/31 6780 eTextbook and Media List of Accounts Save for Later Last saved 49 minutes ago Attempts: 1 of 2 used Submit
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