Question
West Coast Inc. started September operation with $1,300 supplies. During the month of September, West Coast purchased additional $4,700 of supplies for cash. At
West Coast Inc. started September operation with $1,300 supplies. During the month of September, West Coast purchased additional $4,700 of supplies for cash. At the end of September, a physical count of supplies revealed that only $1,900 of supplies are left. The appropriate adjusting journal entry to be made at the end of the period would be O DR: Supplies Expense $2,800: CR: Supplies $2,800 O DR: Supplies Expense $4,100; CR: Supplies $4,100 DR: Supplies $6,000; CR: Cash $6,000 DR: Supplies Expense $1,900; CR: Supplies $1,900 DR: Supplies $4,700; CR: Cash $4,700
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
IFRS 3rd edition
1118978080, 978-1119153726, 1119153727, 978-1119153702, 978-1118978085
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