Question
The starting balance of the supplies account was $1,750. The total of consumables purchased during the period is $3,500. At the end of the period
The starting balance of the supplies account was $1,750. The total of consumables purchased during the period is $3,500. At the end of the period before the adjustment, $350 of material was ready.
Prepare the setup entry for consumables on 12/31.
History | Account Titles | debts | Credit |
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The setup entry for consumables on 1231 can be calculated ...
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
