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Record the appropriate journal entry to reflect the following: The dollar value of supplies on hand at (December 31, 20XX) year-end = $5,250, this was
Record the appropriate journal entry to reflect the following: The dollar value of supplies on hand at (December 31, 20XX) year-end = $5,250, this was determined after taking a physical inventory. Make the appropriate adjustment based on the information given to you in the following partial Trial Balance sheet from Veggies-R-Us, Inc. Veggies-R-Us. Trial Balance December 31, 20XX
Cash $26,750 - Debit
Accounts receivable 47,630 - Debit
Allowance for doubtful accounts 250 - Debit
Prepaid rent 1,680 - Debit
Supplies 8,700 - Debit
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