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The supplies account had a balance of $845 at the beginning of the year and was debited during the year for $3,646, representing the total
The supplies account had a balance of $845 at the beginning of the year and was debited during the year for $3,646, representing the total of supplies purchased during the year. If $3,475 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is Oa. $4,491 Ob. $7,121 Oc. $1,016 Od. $3,475 Unearned Fees appear on the O a. balance sheet in the current assets section Ob. income statement as revenue Oc. balance sheet as a current liability Od. balance sheet in the stockholders equity section On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,150; Accounts Receivable, $8,797; Supplies, $1,853; Land, $24,324; Accounts Payable, $5,944. What is the amount of stockholders' equity as of July 1 of the current year
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