Question
The unadjusted trial balance of Gentle Touch Spa showed, among others, Medical Supplies 75,500 and medical supplies expense 0. On December 31, end of the
The unadjusted trial balance of Gentle Touch Spa showed, among others, Medical Supplies 75,500 and medical supplies expense 0. On December 31, end of the accounting period, 5,500 are still on hand.
a. Make the adjusting entry on December 31 to adjust for the medical supplies used.
b. Post the adjusting entry and determine the adjusted balances to be presented in the financial statements.
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Political Standards
Authors: Karthik Ramanna
1st Edition
022652809X, 9780226528090
