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The Supplies account had a $100 debit balance on January 1, 2019. During 2019, the company purchased $200 more supplies. At December 31, 2019, only
The Supplies account had a $100 debit balance on January 1, 2019. During 2019, the company purchased $200 more supplies. At December 31, 2019, only $50 of supplies remain. In the December 31, 2019 adjusting entry, the company will: Garrett Company's year-end unadjusted trial balance shows the following: Accounts Receivable $70,000; Allowance for Doubtful Accounts $149 (debit), and Sales $290,000. Uncollectibles are estimated to be 2% of sales. In the year-end adjusting entry to record bad debt expense, the company will: A company completed a $10,000 project for a client, who must pay within 30 days. In the journal entry, the company will
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