Question
Record the necessary entries in the Journal Entry Worksheet below At the beginning of May, Golden Gopher Company reports a balance in Supplies of $350.
Record the necessary entries in the Journal Entry Worksheet below
At the beginning of May, Golden Gopher Company reports a balance in Supplies of $350. On May 15, Golden Gopher purchases an additional $1,800 of supplies for cash. By the end of May, only $150 of supplies remains. Record the adjusting entry on May 31.
How much do you debit and how much do you credit?
May 31 Supplies Expense:
Supplies:
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Corporate Finance Text And Cases
Authors: Vishwanath S. R.
3rd Edition
9353282896, 978-9353282899
