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Question 41 9 pts Before adjusting entries, a company shows a debit balance in Supplies of $48,000 and a credit balance in Accounts Payable of
Question 41 9 pts Before adjusting entries, a company shows a debit balance in Supplies of $48,000 and a credit balance in Accounts Payable of $15,000 at the end of the year. At year end, the company performs a count of supplies and finds there are $9,000 of supplies remaining. How much will the adjusting entry to the supplies account decrease Net Income for the year? [Enter your answer as a positive number]
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