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The Unadjusted Trial Balance columns of a company's work sheet shows the Stor Supplies account with a balance of $750. The Adjustments columns shows a
The Unadjusted Trial Balance columns of a company's work sheet shows the Stor Supplies account with a balance of $750. The Adjustments columns shows a credit of $425 for supplies used during the period. The amount shown as Store Supplies in the Balance Sheet columns of the work sheet is $325 debit $325 credit $425 debit $750 debit $425 credit Type here to search e The Income Summary account is used to O Adjust and update asset and liability accounts Close the revenue and expense accounts Determine the appropriate withdrawal amount Replace the income statement under certain circumstances Replace the capital account in some businesses
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