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Record and journalize the adjusting entries for EACH of the following 2 situations. a. The Supplies account balance on the trial balance was $4575;
Record and journalize the adjusting entries for EACH of the following 2 situations. a. The Supplies account balance on the trial balance was $4575; the value of the supplies counted after an inventory was done was only $1220. Record the adjusting entry for supplies as of December 31st (5 marks) DATE GENED DATE GENERAL JOURNAL PARTICULARS P.R. DEBIT PAGE CREDIT
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The adjusting entry for supplies is necessary because the balance in the Supplies account on th...
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
