Question
Determining Supplies Purchased The supplies and supplies expense accounts at December 31, after adjusting entries have been posted at the end of the first year
Determining Supplies Purchased
The supplies and supplies expense accounts at December 31, after adjusting entries have been posted at the end of the first year of operations, are shown in the following T accounts:
| Supplies | Supplies Expense | |||||||
|---|---|---|---|---|---|---|---|---|
| Bal. | 2,550 | Bal. | 7,120 | |||||
Determine the amount of supplies purchased during the year. $ ???
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Auditing For Managers The Ultimate Risk Management Tool
Authors: K. H. Spencer Pickett, Jennifer M. Pickett
1st Edition
0470090987, 978-0470090985
