Answered step by step
Verified Expert Solution
Question
1 Approved Answer
hi im having trouble with this journal entry. the store supplies account had a balance of 800 at the begining of january. during january 1780
hi im having trouble with this journal entry. the store supplies account had a balance of 800 at the begining of january. during january 1780 of supplies were purchased and debited to the store supplies account. at month end a count of of the supplies revealed a balance of 650. i know the acounts are store suplies expense and store supplies. i just cant figure out what im supose to do to get the ammounts for the second part. please explain what you do. thank you!!!!!
J. The Store Supplies account had a balance of 5800 at the beginning of January. During January 51780 of supplies were purchased and debited to the Store Supplies account At month-end a count of the supplies revealed a balance of $650 Assume Wedona Energy uses the straight line method to depreciate its assets Required: Prepare adjusting journal entries for the month ended January 31, 2020, based on the above Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started