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Hi there, so I am doing adjusting entries and one of them is supplies on hand jan 1 2019 6000 supplies on hand dec 31
Hi there, so I am doing adjusting entries and one of them is
supplies on hand jan 1 2019 6000
supplies on hand dec 31 2019 4000
What would be the adjusting entry? And another important information is on April 2019 they purchased supplies for a 1000 plus hst. -This info was apart of the journal entry I had to do for the transactions of 2019.
With these info I also have to a closing entry so I don t know If I should put supplies expense $5000 or $4000. What do u think?
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