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Record the Adjusting Entries : 1.) Maverick Manufacturing's accountant decided that the underapplied balance in the Manufacturing Overhead account is insignificant enough to be closed
Record the Adjusting Entries:
1.) Maverick Manufacturing's accountant decided that the underapplied balance in the Manufacturing Overhead account is insignificant enough to be closed to the Cost of Goods Sold account. The remaining balance is $1,113.10
2.) The ending office supplies inventory totals $735.80
What are the adjusting entries?
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