Question
On November 1, Thomas Company purchased $2,040 of supplies. Thomas Company recorded the transaction by debiting Supplies and crediting Cash. By the end of the
On November 1, Thomas Company purchased $2,040 of supplies. Thomas Company recorded the transaction by debiting Supplies and crediting Cash.
By the end of the calendar year, $1,810 of supplies remains.
Required:
Journalize the adjusting entry on December 31.
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
