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Sandhill Co.'s trial balance at December 31 shows Supplies $8,624 and Supplies Expense $0. On December 31, there are $1,078 of supplies on hand.
Sandhill Co.'s trial balance at December 31 shows Supplies $8,624 and Supplies Expense $0. On December 31, there are $1,078 of supplies on hand. Prepare the adjusting entry at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 eTextbook and Media List of Accounts Debit Credit Using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Post entries in the order of journal entries presented in the previous part.) Supplies Supplies Expense
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