What would be the journal entry for this transaction? The Educational Foundation has no employees. Administrative costs are limited to supplies, postage, and photocopying. Postage
What would be the journal entry for this transaction?
The Educational Foundation has no employees. Administrative costs are limited to supplies, postage, and photocopying. Postage and photocopying expenses (paid in cash) total $2,050 for the year. The Foundation purchased supplies of $1,900 on account and made payments of $1,700. Unused supplies at year-end totaled $420.
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Authors: Hartgraves And Morse
6th Edition
1934319805, 978-1934319802
