Question
On January 1, Gonzalez Company purchased $3,080 of supplies on account. On January 1, Gonzalez Company debited SuppliesExpense, which is an alternate way of recording
On January 1, Gonzalez Company purchased $3,080 of supplies on account. On January 1, Gonzalez Company debited SuppliesExpense, which is an alternate way of recording the initial expenditure. By the end of the calendar year, $810 of supplies was used.
Journalize the adjusting entry
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
15th edition
1259994975, 125999497X, 1259631117, 978-1259631115
