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On June 1, Walker Company purchased $2,700 of supplies on account. On June 1, Walker Company debited Supplies Expense, which is an alternate way of
On June 1, Walker Company purchased $2,700 of supplies on account. On June 1, Walker Company debited Supplies Expense, which is an alternate way of recording the initial expenditure. By the end of the calendar year, $10 of supplies was used. Required: Journalize the adjusting entry on December 31. Date Account Title Debit Credit Dec. X
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