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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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
