Question
Whispering Winds Corp. has an opening balance in its supplies account of $2210 and purchases $2760 of supplies during the year. A year-end physical
Whispering Winds Corp. has an opening balance in its supplies account of $2210 and purchases $2760 of supplies during the year. A year-end physical count shows $2580 in supplies inventory. Which is the appropriate journal entry at year end? O Dr Supplies Expense $2390 Cr Supplies $2390 O Dr Supplies $2760 Cr Cash $2760 O Dr Supplies $2390 Cr Supplies Expense $2390 O Dr Supplies Expense $2580 Cr Supplies $2580
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
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