Question
Supplies on January 1 were $2,900. Purchases were made in March, June, and October for $1,000 each month. An inventory count on December 31 reveals
Supplies on January 1 were $2,900. Purchases were made in March, June, and October for $1,000 each month. An inventory count on December 31 reveals that only $1,900 of supplies remain in the storeroom. Make the adjusting entry for December 31.
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Cornerstones of Financial Accounting
Authors: Jay Rich, Jeff Jones
4th edition
978-1337690881, 9781337669450, 1337690880, 1337690899, 1337669458, 978-1337690898
